Dlouhodobé efekty monetární politiky: může ČNB ovlivnit ekonomický růst?

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Title in English Long-run Effects of Monetary Policy: Can CNB Influence Economic Growth?
Authors

CHROMEC Martin

Year of publication 2006
Type Article in Periodical
Magazine / Source Working paper CVKSČE
MU Faculty or unit

Faculty of Economics and Administration

Citation
Web http://www.econ.muni.cz/centrum/papers/wp2006-12.pdf
Field Economy
Keywords monetary policy; economic growth; inflation; exchange rate; institutional framework
Description The monetary policy is one of the most important components of economic policy since it may widely influence economic decisions. Is However is the central bank capable to affect the long-run path of economic growth? The aim of this paper is to identify the long-run effects of monetary policy. Theoretical findings are used to analyze the monetary policy in the case of the Czech Republic.
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