Publication detail

Modelling Central Bank Intervention Activity under Inflation Targeting

Author(s): prof. Roman Horváth Ph.D.,
Type: Articles in journals with impact factor
Year: 2007
Number: 0
ISSN / ISBN:
Published in: Economics Bulletin, 6, pp. 1-8
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Keywords:
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Suggested Citation: Horvath, Roman, (2007) "Modelling Central Bank Intervention Activity under Inflation Targeting." Economics Bulletin, Vol. 6, No. 29 pp. 1-8 http://economicsbulletin.vanderbilt.edu/2007/volume6/EB-07F40018A.pdf
Abstract: Using daily data from the Czech Republic in 1/1/1998-31/12/2002, we find that foreign exchange intervention activity is determined by the degree of exchange rate misalignment and lagged intervention. Additionally, inflation targeting regime is a binding constraint of intervention activity.

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