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. …

We show an example of a small open economy - the Czech Republic - where the fiscal restriction was put in place between … fiscal policy seems to have been mistaken, as the restriction may apparently have caused a second recession in the Czech … policy after the 2008/2009 crisis would probably have led to faster stabilisation of the Czech economy. We simulate a …

degree of economic activity if potential output growth is not changing much. However, in the case of the Czech economy, it …, but one has to consider the transition process of the Czech economy and the corresponding greater uncertainty in economic … Monopolistic Price Adjustment.” Review of Economic Studies 39, pp. 17–26. BARTH, M. J. AND V. A. RAMEY (2001): “The Cost Channel …

and the Czech Republic since the adoption of inflation targeting in these countries in 1999 and 1998, respectively …. -- monetary policy ; interventions ; inflation targeting ; friction model ; Brazil ; Czech Republic … Organisation for Economic Co-operation and Development, Paris, emails: luiz.demello@oecd.org (L. de Mello), diego …

WORKING PAPER No. 25/2008 Monetary Policy and Stability of Czech Economy: Optimal Commitment Policy in NOEM DSGE … Framework Adam Remo and Osvald Vašíˇcek November 2008 Working Papersof the Research Centre for Competitivenessof Czech Econ …: OptimalCommitmentPolicyinNOEMDSGEFrame- work Abstract: This article estimates the dynamic behavior of the Czech economy and pref- erences of the Czech …

up the banking system, together with the similarity of economic structures and the Czech economy’s considerable openness …. Christiano L. and Fitzgerald T. (2003), "The Band Pass Filter", International Economic Review, Vol. 44, No. 2, May, pp. 435 …-465. Croux C., Forni M. and Reichlin L. (2001), "A Measure of Comovement for Economic Variables: Theory and Empirics", Review of …