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Title:
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Is monetary policy in new members states asymmetric?
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Author:
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Vasicek, Borek
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Other authors:
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Universitat Autònoma de Barcelona. Departament d'Economia Aplicada |
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Resum:
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Estimated Taylor rules became popular as a description of monetary policy conduct. There are numerous reasons why real monetary policy can be asymmetric and estimated Taylor rule nonlinear. This paper tests whether monetary policy can be described as asymmetric in three new European Union (EU) members (the Czech Republic, Hungary and Poland), which apply an inflation targeting regime. Two different empirical frameworks are |
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Publication date:
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2011-06-09 |
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Subject(s):
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Política monetària -- Models matemàtics
Inflació |
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Rights:
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Aquest document està subjecte a una llicència d'ús de Creative Commons, amb la qual es permet copiar, distribuir i comunicar públicament l'obra sempre que se'n citin l'autor original, la universitat i el departament i no se'n faci cap ús comercial ni obra derivada, tal com queda estipulat en la llicència d'ús (http://creativecommons.org/licenses/by-nc-nd/2.5/es/) |
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Document type:
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Working Paper |
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