The aim of the paper is to apply the Window Malmquist index approach to examine the efficiency change of Czech … estimate the efficiency change of Czech commercial banks. The average efficiency computed under the assumption of constant … positive efficiency growth of Czech commercial banks during the period 2004-2013. We found that average scale efficiency was 88 …

suitable for the Czech open economy. Despite unobservable characteristics of underlying interest rates and exchange rate, the … monetary impulse on economic and credit cycle in inflation targeting model. …

Czech economy. We argue that the most plausible description of the business cycle provides the output gap defined as a …