National Repository of Grey Literature 262 records found  1 - 10nextend  jump to record: Search took 0.01 seconds. 
Central Bank Monitoring - September 2017
Česká národní banka
Most of the central banks under review, including the ECB, are keeping their interest rates at low levels and continuing their unconventional monetary policy programmes. The two exceptions which have already raised interest rates are to be found in North America. The first is the US Fed, which as expected raised its key rate for the second time this year and announced a more exact procedure for reducing its balance sheet. The second is the Bank of Canada, which has also increased its rates twice. With the exception of Switzerland, inflation is above 1% in all the monitored economies, but is still slightly below the inflation target in most cases. Spotlight focuses this time on the problems of the South African economy and the situation of its central bank. In our Selected speech, ECB Executive Board Member Yves Mersch analyses the challenges and opportunities to central banks arising from the current rapid technological development.
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Annual Report - Czech national bank 2021
Česká národní banka
The annual report summarizes the CNB's activities for the year 2021. It is focused on the activities of the CNB, the management and the organization of the CNB, and even on its relations with the public.
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Annual Report - Czech national bank 2020
Česká národní banka
The annual report summarizes the CNB's activities for the year 2020. It is focused on the activities of the CNB, the management and the organization of the CNB, and even on its relations with the public.
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Annual Report - Czech national bank 2019
Česká národní banka
The annual report summarizes the CNB's activities for the year 2019. It is focused on the activities of the CNB, the management and the organization of the CNB, and even on its relations with the public.
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Annual Report - Czech national bank 2018
Česká národní banka
The annual report summarizes the CNB's activities for the year 2018. It is focused on the activities of CNB, the management and the organization of the CNB and even on its relations with the public.
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Annual Report - Czech national bank 2017
Česká národní banka
The annual report summarizes the CNB's activities for the year 2017. It is focused on the activities of the CNB, the management and the organization of the CNB, and even on its relations with the public.
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Economic Research Bulletin (2017, No.2). Volume 15, Number 2, November 2017, Effects of Monetary Policy
Česká národní banka
Monetary policy is a one of the core functions of modern central banks. The recent economic crisis –the “Great Recession”, as it is sometimes dubbed–created new challenges as regards properly understanding the functioning of monetary policy and its effects and interactions with other policies. This issue of the Economic Research Bulletin presents a sample of CNB staff research that contributes to the understanding of this important and exciting research agenda.
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Global Economic Outlook - September 2017
Česká národní banka
The September issue of Global Economic Outlook presents the regular monthly overview of recent and expected developments in selected territories, focusing on key economic variables: inflation, GDP growth, leading indicators, interest rates, exchange rates and commodity prices. In this issue, we also look at the real exchange rate phenomenon from the perspective of what it tells us about EU countries. The real exchange rate reflects movements in both the nominal exchange rate and relative price levels. This means it can be used, for example, to assess a country’s convergence efforts (towards the core euro area countries), to discuss the central bank’s effect on the distribution of real appreciation (between the nominal exchange rate and the inflation differential channels) and to track the external competitiveness of an EU economy, and hence also the euro area. This is the line followed by our article, which examines the period from the establishment of the euro area in 1999 to the present.
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Global Economic Outlook - August 2017
Česká národní banka
The August issue of Global Economic Outlook presents the regular monthly overview of recent and expected developments in selected territories, focusing on key economic variables: inflation, GDP growth, leading indicators, interest rates, exchange rates and commodity prices. In this issue, we continue our summer mini-series on the economic impacts of Brexit on the United Kingdom. In the July issue, we focused on the short-term effects, whereas this issue summarises the conclusions of the most important studies analysing Brexit from the longer-term perspective. These studies concur that the UK economy will lose out by leaving the EU, a prediction that is gradually being confirmed by actual economic developments. However, it is still difficult to estimate the real extent of the economic impacts of Brexit, as it will depend primarily on the terms negotiated between the UK and the EU. In our analysis, we therefore present the main possible scenarios quantifying how much the UK will pay for Brexit in terms of loss of GDP.
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Central Bank Monitoring - September 2008
Česká národní banka
The past three months have seen the financial crisis subsiding only slowly, as well as corrections to the prices of oil and some agricultural commodities. In Spotlight we take a look at the importance of house prices for monetary policy and their practical treatment in some central banks. Our selected speech is RBNZ Governor Alan Bollard’s address on flexibility and the limits of inflation targeting.
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