inflation targets are set from official central bank and government publications and from a questionnaire of our own design … central bank credibility is negatively associated with the level of the inflation target, suggesting that less credible …

unstable transmission between the central bank actions and the market reactions. Finally, the paper analyses the sterilisation …

output and inflation with a lag, and if the central bank has privileged information about credit risk, monetary policy …

with empirical evidence on the impact of monetary policy on bank lending. Using a panel of quarterly time series for Czech … inferences on the operativeness of the credit channel (the bank lending channel and the broad credit channel) of the monetary … period 1999- 2001, the results also show distributive effects of monetary policy due to bank size and a bank's proportion of …

-market stress and bank stress, while exchange-rate stress is found to drive the reaction of central banks only in more open …

evaluate financial stability. Using unique data from the Czech National Bank (CNB), we compare our BVAR fan charts for …

This paper analyses empirically the link between central bank financial strength and inflation. The issue has become … relationship between several measures of central bank financial strength and inflation, this link appears rather weak and not as …