Narrow search
Showing 1 - 10 of 114
Cover Image
How Are Inflation Targets Set?
Horváth, Roman; Matějů, Jakub - Institut ekonomických studií, Univerzita Karlova v Praze - 2011
This paper aims to contribute to a better understanding on how inflation targets are set. For this reason, we first … inflation targets are set; we then estimate the determinants of the level of inflation target in 19 inflation targeting … than as a point). Inflation targets are found to reflect macroeconomic fundamentals. Higher level as well as higher …
Persistent link: https://www.econbiz.de/10008784803
Cover Image
How are inflation targets set?
Horváth, Roman; Matějů, Jakub - 2011
This paper aims to contribute to a better understanding on how inflation targets are set. For this reason, we first … inflation targets are set; we then estimate the determinants of the level of inflation target in 19 inflation targeting … than as a point). Inflation targets are found to reflect macroeconomic fundamentals. Higher level as well as higher …
Persistent link: https://www.econbiz.de/10010322261
Cover Image
How are inflation targets set?
Horváth, Roman; Matějů, Jakub - 2011
This paper aims to contribute to a better understanding on how inflation targets are set. For this reason, we first … inflation targets are set; we then estimate the determinants of the level of inflation target in 19 inflation targeting … than as a point). Inflation targets are found to reflect macroeconomic fundamentals. Higher level as well as higher …
Persistent link: https://www.econbiz.de/10008798081
Cover Image
How are Inflation Targets Set?
Horváth, Roman - 2010
This paper aims to contribute to a better understanding on how inflation targets are set. For this reason, we first … inflation targets are set; we then estimate the determinants of the level of inflation target in 19 inflation targeting … than as a point). Inflation targets are found to reflect macroeconomic fundamentals. Higher level as well as higher …
Persistent link: https://www.econbiz.de/10013136517
Cover Image
Central banks' voting records, financial crisis and future monetary policy
Horváth, Roman; Jonášová, Júlia - 2014
We examine whether central banks' voting records help predict the future course of monetary policy in the Czech republic, Hungary, Poland, Sweden and the United Kingdom, controlling for financial market expectations. Unlike previous research, first, we examine the period of the global financial...
Persistent link: https://www.econbiz.de/10010461227
Cover Image
Exchange rate pass-through in an emerging market : the case of the Czech Republic
Hájek, Jan; Horváth, Roman - 2015
We examine exchange rate pass-through, or how domestic prices respond to exchange rate shocks, in the Czech Republic from 1998 to 2013 by employing vector autoregression models. Using the aggregate consumer price index and its sub-components, we find that the degree of passthrough is incomplete...
Persistent link: https://www.econbiz.de/10010529885
Cover Image
Central banks' voting records, financial crisis and future monetary policy
Horváth, Roman; Jonášová, Júlia - 2014
We examine whether central banks' voting records help predict the future course of monetary policy in the Czech republic, Hungary, Poland, Sweden and the United Kingdom, controlling for financial market expectations. Unlike previous research, first, we examine the period of the global financial...
Persistent link: https://www.econbiz.de/10011340621
Cover Image
Central Bank Communication and Exchange Rate Volatility:A GARCH Analysis
Fišer, Radovan; Horváth, Roman - William Davidson Institute <Ann Arbor, Mich.> - 2009
We examine the effects of the Czech National Bank communication, macroeconomic newsand interest rate differential on exchange rate volatility using generalized autoregressiveconditional heteroscedasticity model. Our results suggest that central bank communicationhas a calming effect on exchange...
Persistent link: https://www.econbiz.de/10009360506
Cover Image
Central Bank transparency and financial stability : measurement, determinants and effects
Horváth, Roman; Vasko, Dan - 2013
We develop a comprehensive index of the transparency of central banks regarding their policy framework to promote financial stability for 110 countries from 2000 to 2011 and examine the determinants and effects of this transparency. We find that the degree of transparency increased in the 2000s,...
Persistent link: https://www.econbiz.de/10011374311
Cover Image
Transparency and trust : the case of the European Central Bank
Horváth, Roman; Katuscakova, Dominika - 2015
We examine how the transparency of the European Central Bankś monetary policy affects the amount of trust that the citizens of the European Union have in this institution. We use nearly half a million individual responses from the European Commissionś Eurobarometer survey from 2000-2011 and...
Persistent link: https://www.econbiz.de/10011375697