Estimating Natural Rate of Interest and Equilibrium Exchange Rate: A Case of the Czech Republic

被引：0
|
作者：
Pikhart, Zdenek [1 ,2 ]
Fronkova, Pavla [2 ]
机构：
[1] Univ Econ Prague, Fac Finance & Accounting, W Churchill Sq 1938-4, Prague 13067 3, Czech Republic
[2] Minist Finance Czech Republ, Dept Econ Policy, Macroecon Anal Unit, Letenska 15, Prague 11810 1, Czech Republic
来源：
REVIEW OF ECONOMIC PERSPECTIVES | 2019年 / 19卷 / 04期
关键词：
Natural Rate of Interest; Equilibrium Exchange Rate; Monetary Conditions Index;
D O I：
10.2478/revecp-2019-0013
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
Article deals with estimating real natural interest rate and exchange rate to construct monetary conditions index suitable for the Czech open economy. Despite unobservable characteristics of underlying interest rates and exchange rate, the importance of reference indicators for monetary policy is crucial. Proposed monetary condition index in gap form examines monetary impulse on economic and credit cycle in inflation targeting model.
引用
收藏
页码：231 / 248
页数：18
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