. "Kom\u00E1rek, Lubo\u0161" . "2011-02-02+01:00"^^ . "9"^^ . "978-80-248-2372-0" . "Ostrava" . "Motl, Martin" . . "Ostrava" . "S" . "Ho\u0161ek, Jan" . . "This article discusses the relationship between monetary policy and oil prices and, in a broader sense, commodity prices. Firstly, it discusses the existence of \u201Etransmission channels\u201C trough which monetary policy can be propagated to oil prices (or prices of commodities). Subsequently, it provides an insight into the CNB\u00B4s forecasting process, both by looking retrospectively at the oil price outlook in the past and by analysing a transitory and a permanent shock (a rise in the oil price of USD 30/b). The simulated oil price shock is calculated from the average level of Brent oil prices in the first quarter of 2010, i.e. USD 77.50/b." . "oil price, monetary policy, real interest rate, oil price shock"@en . . . . . . . "Monetary Policy and Commodity Prices: The Impact of Oil Price Shock on the Czech Economy" . "RIV/61989100:27510/11:86081610" . "RIV/61989100:27510/11:86081610!RIV12-MSM-27510___" . "3"^^ . "27510" . "Monetary Policy and Commodity Prices: The Impact of Oil Price Shock on the Czech Economy"@en . . . . "[914DCC98D1FA]" . "MEKON 2011 : the CD of participants' reviewed papers from 13th International Conference" . . "Monetary Policy and Commodity Prices: The Impact of Oil Price Shock on the Czech Economy" . . "2"^^ . "213541" . "Vysok\u00E1 \u0161kola b\u00E1\u0148sk\u00E1 - Technick\u00E1 univerzita Ostrava" . . . . "Monetary Policy and Commodity Prices: The Impact of Oil Price Shock on the Czech Economy"@en . . "This article discusses the relationship between monetary policy and oil prices and, in a broader sense, commodity prices. Firstly, it discusses the existence of \u201Etransmission channels\u201C trough which monetary policy can be propagated to oil prices (or prices of commodities). Subsequently, it provides an insight into the CNB\u00B4s forecasting process, both by looking retrospectively at the oil price outlook in the past and by analysing a transitory and a permanent shock (a rise in the oil price of USD 30/b). The simulated oil price shock is calculated from the average level of Brent oil prices in the first quarter of 2010, i.e. USD 77.50/b."@en .