About: Monetary Policy with Commitment: Case of the Czech National Bank     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : http://linked.opendata.cz/ontology/domain/vavai/Vysledek, within Data Space : linked.opendata.cz associated with source document(s)

AttributesValues
rdf:type
Description
  • This article estimates a New Keynesian small open economy model of the Czech economy. The model incorporates household's habit formation in consumption and monopolistic competition with staggered prices in sector of domestic producers and importers. The central bank is treated as another optimizing agent in this article. This approach enables us to estimate the weights (representing preferences) that the Czech National Bank puts on inflation targeting, output stabilization and nominal interest rate smoothing. The estimates of the weights in central bank's loss function indicate that the Czech National Bank pays only a little attention to output stabilization in comparison to inflation targeting. This is in accordance with proclaimed policy of the Czech National Bank. Next, the estimated weight of the interest rate smoothing is quite substantial which reflects the carefulness of the Czech National Bank in setting nominal interest rates in recent years.
  • This article estimates a New Keynesian small open economy model of the Czech economy. The model incorporates household's habit formation in consumption and monopolistic competition with staggered prices in sector of domestic producers and importers. The central bank is treated as another optimizing agent in this article. This approach enables us to estimate the weights (representing preferences) that the Czech National Bank puts on inflation targeting, output stabilization and nominal interest rate smoothing. The estimates of the weights in central bank's loss function indicate that the Czech National Bank pays only a little attention to output stabilization in comparison to inflation targeting. This is in accordance with proclaimed policy of the Czech National Bank. Next, the estimated weight of the interest rate smoothing is quite substantial which reflects the carefulness of the Czech National Bank in setting nominal interest rates in recent years. (en)
Title
  • Monetary Policy with Commitment: Case of the Czech National Bank
  • Monetary Policy with Commitment: Case of the Czech National Bank (en)
skos:prefLabel
  • Monetary Policy with Commitment: Case of the Czech National Bank
  • Monetary Policy with Commitment: Case of the Czech National Bank (en)
skos:notation
  • RIV/00216224:14560/08:00026442!RIV10-MSM-14560___
http://linked.open...avai/riv/aktivita
http://linked.open...avai/riv/aktivity
  • P(1M0524)
http://linked.open...vai/riv/dodaniDat
http://linked.open...aciTvurceVysledku
http://linked.open.../riv/druhVysledku
http://linked.open...iv/duvernostUdaju
http://linked.open...titaPredkladatele
http://linked.open...dnocenehoVysledku
  • 380400
http://linked.open...ai/riv/idVysledku
  • RIV/00216224:14560/08:00026442
http://linked.open...riv/jazykVysledku
http://linked.open.../riv/klicovaSlova
  • central bank's preferences; monetary policy; optimal commitment policy; small open economy; New Keynesian; DSGE; Bayesian estimation (en)
http://linked.open.../riv/klicoveSlovo
http://linked.open...ontrolniKodProRIV
  • [0F14D4DD1BEE]
http://linked.open...v/mistoKonaniAkce
  • Liberec
http://linked.open...i/riv/mistoVydani
  • Liberec
http://linked.open...i/riv/nazevZdroje
  • Mathematical Methods in Economics 2008
http://linked.open...in/vavai/riv/obor
http://linked.open...ichTvurcuVysledku
http://linked.open...cetTvurcuVysledku
http://linked.open...vavai/riv/projekt
http://linked.open...UplatneniVysledku
http://linked.open...iv/tvurceVysledku
  • Vašíček, Osvald
  • Remo, Adam
http://linked.open...vavai/riv/typAkce
http://linked.open...ain/vavai/riv/wos
  • 000260962300061
http://linked.open.../riv/zahajeniAkce
number of pages
http://purl.org/ne...btex#hasPublisher
  • Technická univerzita v Liberci
https://schema.org/isbn
  • 978-80-7372-387-3
http://localhost/t...ganizacniJednotka
  • 14560
Faceted Search & Find service v1.16.118 as of Jun 21 2024


Alternative Linked Data Documents: ODE     Content Formats:   [cxml] [csv]     RDF   [text] [turtle] [ld+json] [rdf+json] [rdf+xml]     ODATA   [atom+xml] [odata+json]     Microdata   [microdata+json] [html]    About   
This material is Open Knowledge   W3C Semantic Web Technology [RDF Data] Valid XHTML + RDFa
OpenLink Virtuoso version 07.20.3240 as of Jun 21 2024, on Linux (x86_64-pc-linux-gnu), Single-Server Edition (126 GB total memory, 48 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2024 OpenLink Software