Narrow search
Showing 1 - 10 of 10,011
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
The Czech exchange rate floor: depreciation without inflation?
Baxa, Jaromír; Šestořád, Tomáš - 2019
Persistent link: https://www.econbiz.de/10012024606
Cover Image
Do Exchange Rate Devaluations Matter? VAR Evidence from the Czech Republic
Kvapilik, Jakub - 2021
What happens if a country devalues its currency? Standard macroeconomic theory would argue for expansionary effects, while recent theoretical contributions and the empirical evidence do not appear overly supportive. Devaluations have been mostly used by developing countries, but even...
Persistent link: https://www.econbiz.de/10013249517
Cover Image
Exchange rate pass-through in an emerging market : the case of the Czech Republic
Hájek, Jan; Horváth, Roman - In: Emerging markets finance & trade : a journal of the … 52 (2016) 10/12, pp. 2624-2635
Persistent link: https://www.econbiz.de/10011675493
Cover Image
Foreign exchange interventions at the zero lower bound in the Czech economy : a DSGE approach
Malovaná, Simona - 2015
The paper contributes to understanding the economic dynamics at the zero lower bound and the exchange rate movements under different central bank intervention regimes. It provides a theoretical framework for modeling foreign exchange interventions at the ZLB within a dynamic general equilibrium...
Persistent link: https://www.econbiz.de/10010532424
Cover Image
Global or Domestic? Which Shocks Drive Inflation in European Small Open Economies?
Halka, Aleksandra - 2016
In the paper we investigate, which shocks drive inflation in small open economies. We proceed in two steps. First, we … variables. Our results show that in two out of three analyzed countries the fluctuations of inflation are to the largest extent … inflation variability while for the third country the contribution of the commodity shock dominates over the output gap in …
Persistent link: https://www.econbiz.de/10012987483
Cover Image
Exchange Rate Policy and Inflation in Acceding Countries : The Role of Pass-Through
Coricelli, Fabrizio; Jazbec, Bostjan; Masten, Igor - 2004
provide the most efficient framework for reducing inflation …
Persistent link: https://www.econbiz.de/10014072272
Cover Image
Risk premium shocks, monetary policy and exchange rate pass-through in the Czech Republic, Hungary and Poland
Vonnák, Balázs - 2010
. VAR models are estimated for the Czech Republic, Hungary and Poland. Contemporaneous and sign restrictions are imposed in … and the UK are used as benchmark for developed economies with low inflation. The results suggest that the typical size a … of minimising inflationary consequences. On the other hand, low inflation may decrease the exchange rate pass …
Persistent link: https://www.econbiz.de/10003935145
Cover Image
Transmission of Nominal Exchange Rate Changes to Export Prices and Trade Flows and Implications for Exchange Rate Policy
Holtemöller, Oliver - 2017
We discuss how the welfare ranking of fixed and flexible exchange rate regimes in a New Open Economy Macroeconomics model depends on the interplay between the degree of exchange rate pass-through and the elasticity of substitution between home and foreign goods. We identify combinations of these...
Persistent link: https://www.econbiz.de/10012951764
Cover Image
Transmission of Nominal Exchange Rate Changes to Export Prices and Trade Flows and Implications for Exchange Rate Policy
Hoffmann, Mathias - 2016
We discuss how the welfare ranking of fixed and flexible exchange rate regimes in a New Open Economy Macroeconomics model depends on the interplay between the degree of exchange rate pass-through and the elasticity of substitution between home and foreign goods. We identify combinations of these...
Persistent link: https://www.econbiz.de/10012991030