English, Article edition: SYSTEMATIC PART OF CNB'S MONETARY POLICY IN INFLATION TARGETING REGIME David NAVRÁTIL

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Bookmark: http://trove.nla.gov.au/version/197875
Physical Description
  • article
Language
  • English

Edition details

Title
  • SYSTEMATIC PART OF CNB'S MONETARY POLICY IN INFLATION TARGETING REGIME
Author
  • David NAVRÁTIL
Physical Description
  • article
Notes
  • RePEc:prg:jnlpol:v:2004:y:2004:i:5:id:479:p:623-636
  • In the inflation targeting regime the central bank makes a decision about interest rate adjustment based on a forecast, primarily of inflation. Thus a big part of the decisions on interest rate adjustments corresponds to systematic response of central bank to expected economic development. The systematic part of monetary policy - the decision pattern of central bank (similarly as behaviour of other economic agents) must be approximated for purposes of creating a forecast. The aim of this article is to approximate it through estimated monetary policy rule.
  • monetary policy rule, systematic monetary policy
Language
  • English
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