FEATURES OF INTEREST-BEARING MONETARY POLICY INSTRUMENTS OF THE CZECH NATIONAL BANK
https://doi.org/10.26425/1816-4277-2020-3-127-133
Abstract
The features of the economic development of the Czech Republic after the global financial crisis, the role of the Czech National Bank in the formation of macroeconomic policies, as well as the peculiarities of monetary regulation in the study period have been defined in the article. The main goal of the paper is to assess the impact of interest rates used by the Czech National Bank in the process of monetary regulation on the dynamics of the main macroeconomic indicators, which is considered as one of the necessary conditions for the effectiveness of the inflation targeting regime. By the results of the correlation analysis and Fisher’s exact test, it has been determined that the Czech National Bank could affect the main macroeconomic indicators based on the percentage of monetary policy instruments used.
About the Authors
A. V. Berdyshev
Financial University under the Government of the Russian Federation
Russian Federation
Russian Federation
Candidate of Economic Sciences,
Moscow
N. S. Bobyr
Financial University under the Government of the Russian Federation
Russian Federation
Russian Federation
Student,
Moscow
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Review
For citations:
Berdyshev A.V., Bobyr N.S. FEATURES OF INTEREST-BEARING MONETARY POLICY INSTRUMENTS OF THE CZECH NATIONAL BANK. Vestnik Universiteta. 2020;(3):127-133. (In Russ.) https://doi.org/10.26425/1816-4277-2020-3-127-133
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