Original title:
Economic Research Bulletin (2016, No.2) Number of part: Volume 14, Number 2, November 2016 Name of part: Financial Cycles and Macroprudential and Monetary Policies
Authors:
Česká národní banka Document type: Trade print ISSN: 1803-7089
Year:
2016
Language:
eng Abstract:
Issues connected with the financial cycle have gained prominence in recent decades, as they form the key component of the time dimension of the newly formed macroprudential policies. Analysis of the financial cycle covers a combination of purely theoretical models (explaining different channels of propagation of the financial cycle to the real economy) and practical applications estimating the financial cycle (directly applicable to macroprudential policies such as the setting of countercyclical capital buffers). Financial cycle issues also influence the debate of the interaction between monetary and macroprudential policies. This edition of the Bulletin presents four articles that address financial cycle issues. Two of them are theoretical, one is purely empirical and one covers issues related to the interaction of the different policies conducted within the central bank.
Keywords:
fiscal policy; macroeconomics; monetary policy; fiskální politika; makroekonomie; monetární politika
Rights: This work is protected under the Copyright Act No. 121/2000 Coll.