Èlánek analyzuje vliv mìnové politiky na úvìrovou emisi v Èeské republice. Nejprve jsou diskutovány teoretické a empirické aspekty úvìrového kanálu v mìnovì transmisním mechanizmu. Autoøi dále zkoumají vývoj úvìrù a jejich determinant v ÈR. Zmìny mìnové politiky...

In this paper the authors try to measure production gap in the Czech Republic and, consequently, non-accelerating inflation product (NAIP) as an approximation of potential product. NAIP is treated as an unobservable variable, to which an augmented Phillips curve plays a key role in its...

The transformation of the world economy over the past two decades has been manifesting itself in various forms. On the one hand, there is an increasing interdependence of the world economy, which is a manifestation of the depth of the globalization process, mainly thanks to the expansion of...

An assumption that a central bank can influence the real interest rates is the object of our interest. In the paper we form and solve a model which corresponds to Romer´s (2000) assumptions. Our model is IS-LM augmented by a conception of price-adjusting after monetary intervention and...