Original title: Economic Research Bulletin (2015, No.2)
Number of part: Volume 13, Number 2, November 2015
Name of part: Monetary Policy Challenges in a Low-Inflation Environment
Authors: Česká národní banka
Document type: Trade print
ISSN: 1803-7089
Year: 2015
Language: eng
Publisher: Česká národní banka
Abstract: As a consequence of the Global Financial Crisis (GFC) inflation has dropped sharply worldwide. The low levels of inflation have persisted since then due in part to the recent fall in oil prices. Such circumstances represent a new situation for central bankers, who have usually been concerned with the opposite problem – how to respond to persistently high inflation. Challenging times for policy makers usually mean very exciting times for researchers, and this is what research depar tments in central banks are experiencing at the moment. Many new research questions relating to the prolonged period of low inflation have appeared, and the current issue of the Bulletin aims to introduce some of them which CNB researchers are currently in vestigating.
Keywords: inflation; monetary policy; inflace; monetární politika
Rights: This work is protected under the Copyright Act No. 121/2000 Coll.

Institution: The Czech National Bank (web)
External URL: http://www.cnb.cz/en/research/research_publications/erb/index.html

Permalink: http://www.nusl.cz/ntk/nusl-200986


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Miscellaneous > The Czech National Bank
Trade literature > Trade print