|
|
|
|
| LEADER |
01948nmm a2200433 u 4500 |
| 001 |
EB001825627 |
| 003 |
EBX01000000000000000992073 |
| 005 |
00000000000000.0 |
| 007 |
cr||||||||||||||||||||| |
| 008 |
180614 ||| eng |
| 020 |
|
|
|a 9781484305263
|
| 245 |
0 |
0 |
|a Czech Republic
|b Selected Issues
|
| 260 |
|
|
|a Washington, D.C.
|b International Monetary Fund
|c 2017
|
| 300 |
|
|
|a 17 pages
|
| 651 |
|
4 |
|a Czech Republic
|
| 653 |
|
|
|a Inflation
|
| 653 |
|
|
|a Output gap
|
| 653 |
|
|
|a Exchange rate pass-through
|
| 653 |
|
|
|a Deflation
|
| 653 |
|
|
|a Production
|
| 653 |
|
|
|a Currency
|
| 653 |
|
|
|a Macroeconomics: Production
|
| 653 |
|
|
|a Price Level
|
| 653 |
|
|
|a Foreign Exchange
|
| 653 |
|
|
|a Prices
|
| 653 |
|
|
|a Macroeconomics
|
| 653 |
|
|
|a Real exchange rates
|
| 653 |
|
|
|a Economic theory
|
| 653 |
|
|
|a Exchange rates
|
| 653 |
|
|
|a Foreign exchange
|
| 653 |
|
|
|a Production and Operations Management
|
| 710 |
2 |
|
|a International Monetary Fund
|b European Dept
|
| 041 |
0 |
7 |
|a eng
|2 ISO 639-2
|
| 989 |
|
|
|b IMF
|a International Monetary Fund
|
| 490 |
0 |
|
|a IMF Staff Country Reports
|
| 028 |
5 |
0 |
|a 10.5089/9781484305263.002
|
| 856 |
4 |
0 |
|u https://elibrary.imf.org/view/journals/002/2017/169/002.2017.issue-169-en.xml?cid=45004-com-dsp-marc
|x Verlag
|3 Volltext
|
| 082 |
0 |
|
|a 330
|
| 520 |
|
|
|a This Selected Issues paper analyzes the Czech Republic’s monetary policy after removal of the exchange rate floor. The koruna-euro exchange rate floor, which had been in place for more than three years, was eliminated in the beginning of the second quarter of 2017. Exit poses a number of challenging policy questions, including on the optimal monetary policy in its aftermath. The simulations indicate that a monetary policy response that is ex-post too loose is likely to be less costly than a monetary policy response that is ex-post too tight. This suggests that a gradual approach to interest rate increases is advisable
|