The Basic Transmission Mechanisms of Monetary Policy in the Czech Republic

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

The Basic Transmission Mechanisms of Monetary Policy in the Czech Republic

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

The Basic Transmission Mechanisms of Monetary Policy in the Czech Republic

Popis výsledku anglicky

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.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2012

Kód důvěrnosti údajů

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

Název periodika

International Advances in Economic Research

ISSN

1083-0898

e-ISSN

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Svazek periodika

18

Číslo periodika v rámci svazku

1

Stát vydavatele periodika

NL - Nizozemsko

Počet stran výsledku

2

Strana od-do

126-127

Kód UT WoS článku

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EID výsledku v databázi Scopus

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