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...

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...

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...