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Analysis and Econometric Modelling of the Monetary Sector in the Slovak Republic

Author

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  • Olexa, Michal

    (Macroeconomic Analyses Division, INFOSTAT - Institute of Informatics and Statistics, Bratislava, Slovak Republic)

Abstract

Despite the fact that the macro-economic modelling of the econometric type has almost a 30-years tradition in the Slovak Republic, the econometric modelling of the more detailed money structure has no history at all. The significance of the problem with time series is held by the fact that no data on the state money targeting, managing and controlling before 1993 were available in such a way that would be compatible with 1993 data and thus would allow to extend the particular time series by several time periods before 1993. The first part of the paper contains a short analysis of selected monetary indicators during the last five years. The second part deals with the monetary submodel which consists of five regression equations (money M2, interest rates from credits and deposits, credits to households and enterprises, foreign direct investment) and nine identities. This submodel is planned to create a monetary block in the quarterly econometric model of the Slovak economy.

Suggested Citation

  • Olexa, Michal, 1998. "Analysis and Econometric Modelling of the Monetary Sector in the Slovak Republic," Transition Economics Series 1, Institute for Advanced Studies.
  • Handle: RePEc:ihs:ihstep:1
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    File URL: http://www.ihs.ac.at/publications/tec/te-1.pdf
    File Function: First version, 1998
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    More about this item

    Keywords

    Money; Interest Rates; Monetary Policy; Regression Equations; Econometric Model;

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers

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