Implementing the New Structural Model of the Czech National Bank

@inproceedings{andrle2009ImplementingTN,
  title={Implementing the New Structural Model of the Czech National Bank},
  author={michal andrle and tibor hl{\'e}dik and ondra Kamen{\'i}k and Jan Vlcek},
  year={2009}
}
  • michal andrle, tibor hlédik, +1 author Jan Vlcek
  • Published 2009
The purpose of the paper is to introduce the new “g3” structural model of the Czech National Bank and illustrate how it is used for forecasting and policy analysis. As from January 2007 the model was regularly used for shadowing official forecasts, and in July 2008 it became the core model of the CNB. In the paper we highlight the most important and unusual features of the model and discuss tools and procedures that help us in forecasting and assessing the economy with the model. The paper is… CONTINUE READING