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Adoption of the FX commitment in the Czech Republic : some reflections of the insider

Řežábek, Pavel - In: International journal of business & management : IJoBM 9 (2021) 2, pp. 49-56

Persistent link: https://www.econbiz.de/10012805671

Monetary policy after the crisis : a joint publication with the National Bank of Poland

Gnan, Ernest (ed.); Kokoszcynski, Ryszard (ed.); … - Conference Monetary Policy after the Crisis <2011, Warschau>; … - 2011

conference on the theme of: "Monetary Policy after the Crisis". Following a call for papers with a large number of submissions … questions: First, what have we learnt from the crisis for the conduct of monetary policy? Second, what have we learnt from the … crisis for the coordination of monetary, fiscal and macroprudential policies. And third, how did the Monetary Transmission …

Persistent link: https://www.econbiz.de/10011710723

Do exchange rates absorb demand shocks at the ZLB?

Hoffmann, Mathias; Hürtgen, Patrick - 2021

According to the two-country full information New Keynesian model with flexible exchange rates, the real exchange rate appreciates in response to an asymmetric negative demand shock at the zero lower bound (ZLB) and exacerbates the adverse macroeconomic effects. This finding requires inflation...