Comparing monetary policy before and during crisis for Visegrád group countries

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F13%3A00204870" target="_blank" >RIV/62156489:43110/13:00204870 - isvavai.cz</a>
Result on the web
<a href="https://mme2013.vspj.cz" target="_blank" >https://mme2013.vspj.cz</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Comparing monetary policy before and during crisis for Visegrád group countries
Original language description
We focus on research of monetary policy mechanism of Visegrád group countries before and during crisis in this paper. Main objective of central banks function in V4 countries lies in maintaining price stability. For this purpose, inflation targeting regime is realized in a medium-term focus in V4, which means that there is a certain lag between a monetary policy operation and its influence on an inflation target. The monetary policy of each country can be described by suitable VAR model with appropriatevariables. We suppose inflation, interbank interest rate and central bank key interest rate as appropriate variables. We would like to know if there is a continuity of the monetary policy before and after crisis in particular countries. We use one-dimensional and multi-dimensional calibration technique for this purpose. Based on estimated parameters of the one-dimensional calibration model with linear or quadratic calibration function, respectively, we can identify changes in monetary t
Czech name
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Czech description
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Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 31st International Conference Mathematical Methods in Economics 2013
ISBN
978-80-87035-76-4
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
649-654
Publisher name
College of Polytechnics Jihlava
Place of publication
Jihlava
Event location
Jihlava
Event date
Sep 11, 2013
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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