Comparing monetary policy before and during crisis for Visegrád group countries

Kód výsledku v 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>

Výsledek na webu

<a href="https://mme2013.vspj.cz" target="_blank" >https://mme2013.vspj.cz</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Comparing monetary policy before and during crisis for Visegrád group countries

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

Comparing monetary policy before and during crisis for Visegrád group countries

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

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

2013

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

6

Strana od-do

649-654

Název nakladatele

College of Polytechnics Jihlava

Místo vydání

Jihlava

Místo konání akce

Jihlava

Datum konání akce

11. 9. 2013

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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