01672cas a2200241 a 4500 AALejournalIMF011746 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475502305 1018-5941 BD-DhAAL BD-DhAAL International Monetary Fund. Macrofinance Model of the Czech Economy : Asset Allocation Perspective. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (49 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper developes a VAR macrofinance model of the Czech economy. It shows that yield misalignments from the yields implied by the macrofinance model partially determine subsequent yield changes over three to nine months. These yield misalignments tend to persist for a number of months. This persistence of the misalignments was explained by (a) the fact that the macro-economy influences asset markets only at lower frequencies, (b) the liquidity effect particularly during the times of capital inflows to Czech Republic, and (c) the fact that not all misalignments were greater than their historical one standard deviation. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2012/078 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/078/001.2012.issue-078-en.xml IMF e-Library