Artikel
Estimating natural rate of interest and equilibrium exchange rate: A case of the Czech Republic
Article deals with estimating real natural interest rate and exchange rate to construct monetary conditions index suitable for the Czech open economy. Despite unobservable characteristics of underlying interest rates and exchange rate, the importance of reference indicators for monetary policy is crucial. Proposed monetary condition index in gap form examines monetary impulse on economic and credit cycle in inflation targeting model.
- Sprache
-
Englisch
- Erschienen in
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Journal: Review of Economic Perspectives ; ISSN: 1804-1663 ; Volume: 19 ; Year: 2019 ; Issue: 4 ; Pages: 231-248 ; Warsaw: De Gruyter
- Klassifikation
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Wirtschaft
General Equilibrium and Disequilibrium: Financial Markets
Interest Rates: Determination, Term Structure, and Effects
Foreign Exchange
- Thema
-
Natural Rate of Interest
Equilibrium Exchange Rate
Monetary Conditions Index
- Ereignis
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Geistige Schöpfung
- (wer)
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Pikhart, Zdeněk
Froňková, Pavla
- Ereignis
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Veröffentlichung
- (wer)
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De Gruyter
- (wo)
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Warsaw
- (wann)
-
2019
- DOI
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doi:10.2478/revecp-2019-0013
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Pikhart, Zdeněk
- Froňková, Pavla
- De Gruyter
Entstanden
- 2019