Legislative and Economic Aspects of the Position of the Czech National Bank - Some Remarks on the Amendment to the Act on the Czech National Bank

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14330%2F02%3A00005623" target="_blank" >RIV/00216224:14330/02:00005623 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

Legislative and Economic Aspects of the Position of the Czech National Bank - Some Remarks on the Amendment to the Act on the Czech National Bank

Original language description

It is not allowable for the economic policy to be uncoordinated that means to allow monetary and fiscal policies to aim at different targets or to aim at the given target in principally different and incompatible ways. Monetary policy should be determined with regard to fiscal policy objectives and on the other hand, fiscal policy should allow for the fact that a given measure will provoke a corresponding response of monetary policy. Uncoordinated implementation of each policy will probably make the situation worse. It will lead to overloading one policy and to replacing one imbalance by another. In better case the imbalance will be successfully eliminated, but with higher social costs than in case of a co-ordinated course of action. Problems of mutualco-ordination of monetary and fiscal policies will depend on two basic facts: (i) on the legislatively enshrined relationship between the government and the central bank (i.e. the degree of central-bank independence) and (ii) on setting

Czech name

Legislativní a ekonomické aspekty postavení České národní banky - několik poznámek k novele zákona o ČNB

Czech description

Analýza postavení České národní banky (zejména její nezávislosti) z pohledu návrhu novely zákona o ČNB. Ekonomická a právní analýza navrhované úpravy.

Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

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Project

<a href="/en/project/GP402%2F01%2FP010" target="_blank" >GP402/01/P010: Institutional changes influence to the monetary policy in the CR during an incorporation into EU structures</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2002

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Journal of Transforming Economies and Societies

ISSN

1233-3115

e-ISSN

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Volume of the periodical

8

Issue of the periodical within the volume

4

Country of publishing house

PL - POLAND

Number of pages

15

Pages from-to

45

UT code for WoS article

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EID of the result in the Scopus database

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