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	An economy in transition and DSGE: What the Czech national bank's new projection model needs Beneš, Jaromír ; Hlédik, Tibor ; Kumhof, Michael ; Vávra, David This paper documents the advances in the ongoing research aimed at developing a DSGE small open economy model designed to capture some of the most important features of the Czech economy—both the business-cycle regularities and the recent developments associated with the economy’s transition and its convergence towards the industrialized European countries. The model in its current form is able to capture trends in relative prices, allow for medium-convergence in expenditure shares, and deal with the undercapitalization and investment inflow issues. Fulltext: PDF Detailed record
	Effects of macroeconomic shocks to the quality of the aggregate loan portfolio Babouček, Ivan ; Jančar, Martin The paper concerns macro-prudential analysis. It uses an unrestricted VAR model to empirically investigate transmission involving a set of macroeconomic variables describing the development of the Czech economy and the functioning of its credit channel in the past eleven years. Its novelty lies in the fact that it provides the first systematic assessment of the links between loan quality and macroeconomic shocks in the Czech context. Fulltext: PDF Detailed record
	FOREX Microstructure, Invisible Price Determinants, and the Central Bank's Understanding of Exchange Rate Formation Derviz, Alexis The paper investigates the transmission of macroeconomic factors into the price-setting behavior of a specific dealer in the FX market. This problem is viewed from the perspective of a central banker who observes the price evolution but does not make the market in the home currency. The analysis is based on a model of a multiple dealer market under two organizations: direct inter-dealer and brokered. Fulltext: PDF Detailed record
	Monetary policy and the term spread in a macro model of a small open economy Kotlán, Viktor This paper argues that shortcomings of the single-equation approach may produce results that are biased, and that the predictive ability must be analyzed from within a model framework. It has elected to use a simple macroeconomic model of a small open economy and examine the predictive properties of the term spread from within its framework. Fulltext: PDF Detailed record
	Monetary Transmission and Asset - Liability management by financial institutions in transitional economies - implications for czech monetary policy Derviz, Alexis The paper deals with the transmission of monetary policy within the financial sector. The objective is to link an optimizing stochastic model of portfolio decisions by a representative financial institution with a number of features that this optimizing behavior implies for monetary transmission and credit conditions in a transitional economy. The main example is the intermediation performance of Czech financial sector in the years 1993 to 1999. Fulltext: PDF Detailed record
	Credit contraction in the Czech republic: causes and effects Hampl, Mojmír ; Matoušek, Roman The study examines the existence of close links between the economic, monetary and macroeconomic explanation purely failures in the credit market. It's trying to determine whether changes to the regulatory framework could be one of many factors that have changed the behavior of banks. Fulltext: PDF; PDF Detailed record
	Czech disinflation and gross domestic product Izák, Vratislav The paper characterizes the main features of the czech macroeconomic development in the time period 1995:1 - 1999:3 stressing the decrease in nominal GDP growth especially in 1999. It discusses the analytical framework being able theoretically explain the Czech macroeconomic story. The dynamic model for an open economy with government sector has been constructed and several simulation exercises imitating Czech macroeconomic development have been made. Fulltext: PDF Detailed record
	Long-term equilibrium real exchange rate of the crown and its determinants Frait, Jan ; Komárek, Luboš The primary objective of this work is to analyze the long-term determinants of the real exchange rate and the application of econometric methods to find out which ones and to what extent affect the real exchange rate. A secondary goal is to assess the development of the real exchange rate during the economic transformation and discuss to what extent this course could become overvalued in 1997-98. Fulltext: PDF Detailed record
	Aplikace environmentálního účetnictví na mikroekonomické a makroekonomické úrovni v podmínkách ČR: Udržitelný rozvoj a podnikání. Environmentální reporting, hodnocení udržitelného rozvoje a environmentální účetnictví CENIA, česká informační agentura životního prostředí, Praha ; CEMC - České ekologické manažerské centrum, Praha ; Vaněček, Vojtěch ; Hyršlová, Jaroslava ; Študent, Jiří Příručka pro odborníky a vedení organizací je samostatnou přílohou závěrečné zprávy projektu (MIZPP007G2S4). Skládá se z těchto samostatných částí: Dobrovolné podnikové zprávy, Metodika měření udržitelného rozvoje na úrovni organizace a podnikatelského subjektu a Environmentální manažerské účetnictví. Detailed record
	Aplikace environmentálního účetnictví Národohospodářský ústav AV ČR, Praha ; Univerzita Jana Evangelisty Purkyně v Ústí nad Labem, Fakulta životního prostředí, Ústí nad Labem ; Tošovská, Eva ; Ritschelová, Iva Projekt byl zaměřen na nejaktuálnější otázky z této oblasti a snažil se o aktivní zapojení české vědecké veřejnosti do mezinárodní diskuse na dané téma. Záměrem řešitelského týmu bylo v první etapě vyhodnotit vývoj a dosažené výsledky v oblasti tvorby a rozvoje environmentálního účetnictví na evropské úrovni i na domácí půdě. Strukturu projektu tvořily 3 základní moduly: I. Environmentální účetnictví na makroekonomické úrovni; II. Environmentální účetnictví na mikroekonomické úrovni; III. Vzájemné vazby a možnosti propojení účetnictví na makro a mikroúrovni. Detailed record

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