Exchange Rate Commitment, Negative Interest Rates and Current Monetary and Fiscal Policy Mix in the Czech Republic

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F27081869%3A_____%2F16%3AN0000006" target="_blank" >RIV/27081869:_____/16:N0000006 - isvavai.cz</a>
Result on the web
<a href="http://www.efid.cz/sbornik/" target="_blank" >http://www.efid.cz/sbornik/</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Exchange Rate Commitment, Negative Interest Rates and Current Monetary and Fiscal Policy Mix in the Czech Republic
Original language description
The paper discusses interaction of fiscal and monetary policy and their roles promoting real economic growth and smoothing business cycle fluctuations. Using recent macroeconomic developments in advanced countries it shows that monetary policy is able effectively smooth business cycle fluctuations but it is a blunt tool promoting the long-term growth. Fiscal and structural policies are more efficient promoting the long-term growth. Furthermore, the paper discusses unconventional monetary policy measures as the CNB’s exchange rate commitment and negative interest rates.
Czech name
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Czech description
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Publication year
2016
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 2nd International Conference European Fiscal Dialog 2016 Fiscal and Monetary Policy: between Scylla and Charybdis?
ISBN
978-80-87325-09-4
ISSN
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e-ISSN
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Number of pages
11
Pages from-to
172-182
Publisher name
NEWTON Books
Place of publication
Praha
Event location
Praha
Event date
May 20, 2016
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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