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The Basic Transmission Mechanisms of Monetary Policy in the Czech Republic

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F12%3A54323" target="_blank" >RIV/60460709:41110/12:54323 - isvavai.cz</a>

  • Result on the web

  • DOI - Digital Object Identifier

Alternative languages

  • Result language

    angličtina

  • Original language name

    The Basic Transmission Mechanisms of Monetary Policy in the Czech Republic

  • Original language description

    This paper deals with two basic transmission mechanisms of monetary policy in the Czech Republic which are derived from trivial paradigms of economic theory: traditional Keynesianism and monetarism. The effectiveness of different transmission channels inthe Czech economy are considered via correlation analysis. The correlation analysis of time series is executed, reflecting the development of the most common monetary policy instruments, economic consequences including main objectives of the stabilization policy with respect to the Keynesian and monetarist theories. Specifically, the repo rate of the Czech National Bank, 1M PRIBOR, long-term interest rate, gross domestic product and consumer price index are used in the case of the traditional Keynesiantransmission. The transmission of the monetarist approach - except the main targets of the stabilization policy (GDP and CPI) and the repo rate - reflects monetary base and monetary aggregate M2.

  • Czech name

  • Czech description

Classification

  • Type

    J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

  • CEP classification

    AH - Economics

  • OECD FORD branch

Result continuities

  • Project

  • Continuities

    S - Specificky vyzkum na vysokych skolach

Others

  • Publication year

    2012

  • Confidentiality

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

Data specific for result type

  • Name of the periodical

    International Advances in Economic Research

  • ISSN

    1083-0898

  • e-ISSN

  • Volume of the periodical

    18

  • Issue of the periodical within the volume

    1

  • Country of publishing house

    NL - THE KINGDOM OF THE NETHERLANDS

  • Number of pages

    2

  • Pages from-to

    126-127

  • UT code for WoS article

  • EID of the result in the Scopus database