News detail

Prof. Evžen Kočenda published in the International Journal of Central Banking

05/10/2018

An article of our colleague Evžen Kočenda, “The Impact of Monetary Strategies on Inflation Persistence” was recently published in the International Journal of Central Banking. The paper is a joint work with Balázs Varga from the University of Budapest.

The journal is placed among the top 50 economic journals and publishes the best policy-relevant and applied research on central banking.

Congratulations! 

Abstract:

We analyze the impact of price-stability-oriented monetary strategies on inflation persistence by using a time-varying coefficients framework in a panel of sixty-eight countries over 1993–2013. It is shown that inflation targeting (IT) is effective even during and after the financial crisis and that explicit IT has a stronger effect on taming inflation persistence than implicit IT. It is shown that exchange regimes with the euro as a reserve currency are more effective than those using the U.S. dollar. On the other hand, U.S. inflation persistence exhibits a disproportionally lower effect on other countries' persistence than its German counterpart.

For the full article follow this link.

Autor - Mgr. Lucie Křížová M.A.

December 2018
MonTueWedThuFriSatSun
     12
3456789
10111213141516
17181920212223
24252627282930
31      

Partners

Deloitte
McKinsey & Company
Moneta Money Bank

Sponsors

CRIF
ČSOB