In this article, we provide evidence on the nature and the relative importance of domestic and foreign shocks -- with a focus on monetary shocks -- in the Slovak economy based on the block-restriction vector autoregression model during the years 1999-2007. We document a well-functioning monetary...

Abstract We examine the determinants of the dissent in central bank boards’ voting records about monetary policy rates in the Czech Republic, Hungary, Sweden, the U.K. and the U.S. In contrast to previous studies, we consider about 25 different macroeconomic, financial, institutional,...