We examine the determinants of the dissent in central bank boards’ voting records about monetary policy rates in the Czech Republic, Hungary, Sweden, the U.K. and the U.S. In contrast to previous studies, we consider about 25 different macroeconomic, financial, institutional, psychological or...

The annual meeting of the European Economic Association took place in Bolzano, Italy this year. There were more than 120 seminars, many panel discussions, and three main lectures presented. The seminars covered a broad range of issues related to economic theory and to applied research....

Three alternative policy rules are contrasted in a model framework in this paper. Such simulation and their results provide a background for policy debate on the properties of alternative strategies of Czech monetary policy. The specific features of an economic transition period are reflected in...

Since koruna turbulence in 1997, there has been considerable dialogue concerning suitable strategy for the Czech monetary policy. This paper provides a model framework for such discussion. Three alternative monetary strategies are approximated by different policy rules. Several specific features...