Vliv měnových podmínek na jednotlivé kategorie cen v České Republice v kontextu měnové a makroobezřetnostní politiky

The Effect of Monetary Conditions on Individual Categories of Prices in the Czech Republic

Lukáš Pfeifer and Zdeněk Pikhart

Politická ekonomie, 2015, vol. 2015, issue 8, 948-966

Abstract: The article deals with the theoretical issues of macro-prudential policy, the influence of risk channel of monetary policy on financial stability and the cooperation of macro-prudential and monetary policy, respectively the compatibility of the objectives of these policies. On the Czech economy data is therefore tested the relationship between monetary policy conditions and prices of selected categories. The model results open the door to greater use especially of the industrial producer price index, respectively its sub-indices, for the coordination of monetary and macro-prudential policy in the Czech Republic.

Keywords: risk channel of monetary policy; monetary policy; macro-prudential policy; index of monetary conditions; impulse-response functions; financial stability (search for similar items in EconPapers)
JEL-codes: E31 E32 E52 E58 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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DOI: 10.18267/j.polek.1046

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