Impulse-response analysis of monetary policy - Visegád group countries case
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F13%3A00212229" target="_blank" >RIV/62156489:43110/13:00212229 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.11118/actaun201361072561" target="_blank" >http://dx.doi.org/10.11118/actaun201361072561</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.11118/actaun201361072561" target="_blank" >10.11118/actaun201361072561</a>
Alternative languages
Result language
angličtina
Original language name
Impulse-response analysis of monetary policy - Visegád group countries case
Original language description
In this paper, we focus on comparability of monetary policies of Visegrád group countries (V4). 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 monetary policy operation and its influence on an inflation target. Central bank does not have a direct impact on its ultimate goals. Therefore, any monetary policy analysis and assumption of its effectiveness comes out from an essential existence of a working transmission mechanism. Thus, changes in settings of monetary policy instruments have to be able to inflict causal changes on intermediary markets and via these markets on target markets. This situation can be modeled by the vector autoregressive (VAR) model with suitable variables. Our main task is to compare a relationship between VAR model responses to predefined impulses for all V4 pairs. We use calibration
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
ISSN
1211-8516
e-ISSN
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Volume of the periodical
61
Issue of the periodical within the volume
7
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
7
Pages from-to
2561-2567
UT code for WoS article
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EID of the result in the Scopus database
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