Sensitivity Analysis of a DSGE model

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Authors	ČAPEK Jan
Year of publication	2009
MU Faculty or unit	Faculty of Economics and Administration
Citation
Attached files	ratto_v10.pdf
Description	This working paper aims at thoroughly analyzing and interpreting results of Marco Ratto's Global (and Local) Sensitivity Analysis (G/LSA) on a particular dynamic stochastic general equilibrium (DSGE) model. The key behavior of the Czech economy is approximated by a Lubik and Schorfheide model, which is a small-scale structural general equilibrium model of a small open economy. The sensitivity analysis class of methods include Stability mapping analysis, Mapping the fit, Reduced form analysis with the use of High dimensional model representation, and Screening with Morris sampling.
Related projects:	Research Centre for the Competitiveness of the Czech Economy