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 …