. . . "Interest Rates and Prices Causality in the Czech Republic -- Granger Approach"@en . "Monetary policy analysis concerns itself with both the assumptions of the transmission mechanism and the direction of causality between the nominal (i.e. the money) and real economy. The traditional channel of monetary policy implementation works via interest rate changes and their impact on the investment activity and the aggregate demand. Altering the relationship between the aggregate demand and supply then impacts the general price level and hence inflation. Alternatively, Post-Keynesians postulate money as a residual, In their approach, banks extend credit in response to movements in investment activities and demand for money. In this paper authors use the VAR (i.e. the vector autoregressive) approach applied to the %22Taylor rule%22 concept to identify the mechanism and impact of the monetary policy in the small open post-transformation economy of the Czech Republic. The causality (in Granger sense) between the interest rate and prices in the Czech Republic is then identified. The"@en . "320005" . "Kapounek, Svatopluk" . . . "Monetary policy analysis concerns itself with both the assumptions of the transmission mechanism and the direction of causality between the nominal (i.e. the money) and real economy. The traditional channel of monetary policy implementation works via interest rate changes and their impact on the investment activity and the aggregate demand. Altering the relationship between the aggregate demand and supply then impacts the general price level and hence inflation. Alternatively, Post-Keynesians postulate money as a residual, In their approach, banks extend credit in response to movements in investment activities and demand for money. In this paper authors use the VAR (i.e. the vector autoregressive) approach applied to the %22Taylor rule%22 concept to identify the mechanism and impact of the monetary policy in the small open post-transformation economy of the Czech Republic. The causality (in Granger sense) between the interest rate and prices in the Czech Republic is then identified. The" . "43110" . "[9F15FF763206]" . "Z(MSM6215648904)" . . . . . . "0139-570X" . "Interest Rates and Prices Causality in the Czech Republic -- Granger Approach"@en . . "Taylor rule; exogenous and endogenous money; transmission mechanism"@en . . . "RIV/62156489:43110/09:00139876" . "7" . . "2"^^ . "Interest Rates and Prices Causality in the Czech Republic -- Granger Approach" . "Pom\u011Bnkov\u00E1, Jitka" . "Agricultural economics : Zem\u011Bd\u011Blsk\u00E1 ekonomika" . "RIV/62156489:43110/09:00139876!RIV10-MSM-43110___" . "55" . "Interest Rates and Prices Causality in the Czech Republic -- Granger Approach" . "2"^^ . "10"^^ . "CZ - \u010Cesk\u00E1 republika" . . .