0474241 20240103214019.720170428235959.9 Örebro Örebro University 2014 32 s. E FinMaP Working Paper 22 cav_un_auth*0274257 Horváth Roman Ekonometrie Department of Econometrics E E UTIA-B Department of Econometrics Ústav teorie informace a automatizace AV ČR, v. v. i. cav_un_auth*0322930 Maršál Aleš Ekonometrie Department of Econometrics E E UTIA-B Department of Econometrics Ústav teorie informace a automatizace AV ČR, v. v. i. http://library.utia.cas.cz/separaty/2014/E/horvath-0474241.pdf We lay out a small open economy dynamic stochastic general equilibrium (DSGE) model with Markov switching to study the term structure of interest rates. We extend the previous models by opening up the economy and adding a foreign demand channel. As a result, we explain the term structure of Czech interest rates and that the open economy version of the model fits reasonably well the period after the adoption of inflation targeting, which was characterized by two regimes: 1)a disinflation regime and 2) a price stability regime. 2018 4 O 4o 20231122142418.7 RVO:67985556 http://hdl.handle.net/11104/0271367 S 2014 Soubory v repozitáři: 0474241.pdf 2014 Örebro Örebro University