Hodula, Martin; Pfeifer, Lukáš - In: Review of Economic Perspectives 18 (2018) 3, pp. 195-224
In this paper, we shed some light on the mutual interplay of economic policy and the financial stability objective. We … financial sector. We apply a factor-augmented vector autoregression model to Czech macroeconomic data and model the policy … interactions in a data-rich environment. Our findings can be summarized in three main points: First, loose economic policies …