Expectations of monetary policy rules and inflation targeting in an open economy (DSGE model approach)
| Authors | |
|---|---|
| Year of publication | 2007 |
| MU Faculty or unit | |
| Citation | |
| Description | The thesis deals with estimate of the behaviour of the Czech economy with inflation targeting monetary policy. It considers two types of monetary policy. They are optimal commitment policy and optimal discretionary policy. The thesis introduces and estimates a macroeconomic model of a small open economy for these purposes. It estimates the model using MCMC method and describes the behaviour of the economy by impulse responses. |
| Related projects: |