Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/227530 
Year of Publication: 
2019
Citation: 
[Journal:] Review of Economic Perspectives [ISSN:] 1804-1663 [Volume:] 19 [Issue:] 4 [Publisher:] De Gruyter [Place:] Warsaw [Year:] 2019 [Pages:] 231-248
Publisher: 
De Gruyter, Warsaw
Abstract: 
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.
Subjects: 
Natural Rate of Interest
Equilibrium Exchange Rate
Monetary Conditions Index
JEL: 
D53
E43
F31
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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