National Repository of Grey Literature 237 records found  beginprevious218 - 227next  jump to record: Search took 0.00 seconds. 
Are Bayesian fan charts useful for central banks?: uncertainty, forecasting, and financial stability stress tests
Franta, Michal ; Baruník, Jozef ; Horváth, Roman ; Šmídková, Kateřina
This paper shows how fan charts generated from Bayesian vector autoregression (BVAR) models can be useful for assessing 1) the forecasting accuracy of central banks’ prediction models and 2) the credibility of stress tests carried out to evaluate financial stability.
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How are inflation targets set?
Horváth, Roman ; Matějů, Jakub
This paper contributes to a better understanding of how inflation targets are set. First, writers gather evidence on how inflation targets are set from official central bank and government publications and from a questionnaire of our own design. Second, writers estimate the determinants of the level of the inflation target in 19 inflation-targeting countries using unbalanced panel interval regressions to deal with the issue that targets are typically set as a range rather than as a point.
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Time-varying monetary-policy rules and financial stress: Does financial instability matter for moentary policy?
Baxa, Jaromír ; Horváth, Roman ; Vašíček, Bořek
Writers examine whether and how selected central banks responded to episodes of financial stress over the last three decades. They employ a new monetary-policy rule estimation methodology which allows for time-varying response coefficients and corrects for endogeneity.
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How to solve the price puzzle?: a meta-analysis
Rusnák, Marek ; Havránek, Tomáš ; Horváth, Roman
Writers collect about 1,000 point estimates of impulse responses from 70 articles using vector autoregressive models and present a simple method of research synthesis for graphical results. Their results suggest that the reported impulse responses depend systematically.
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Reform Redux: measurement, determinants and reversals
Campos, Nauro F. ; Horváth, Roman
In this paper writers put forward improved measures of economic liberalization across countries over time. They show that structural reforms, carefully measured, follow richer dynamics (than those from existing indexes) which are very closely linked to the theoretical work.
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Central banks' voting records and future policy
Horváth, Roman ; Šmídková, Kateřina ; Zápal, Jan
Writers assess whether the voting records of central bank boards are informative about future monetary policy. First, they specify a theoretical model of central bank board decisionmaking and simulate the voting outcomes. Three different versions of model are estimated with simulated data: 1) democratic, 2) consensual and 3) opportunistic. Next, the model predictions are tested on real data on six countries (the Czech Republic, Hungary, Poland, Sweden, the United Kingdom and the United States).
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Do financial variables help predict macroeconomic environment?: the case of the Czech republic
Havránek, Tomáš ; Horváth, Roman ; Matějů, Jakub
In this paper, writers 1) examine the interactions of financial variables and the macroeconomy within the block-restriction vector autoregression model and 2) evaluate to what extent the financial variables improve the forecasts of GDP growth and inflation. For this reason, various financial variables are examined, including those unexplored in previous literature, such as the share of liquid assets in the banking industry and the loan loss provision rate.
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Does money help predict inflation?: an empirical assessment for central Europe
Horváth, Roman ; Komárek, Luboš ; Rozsypal, Filip
This paper investigates the predictive ability of money for future inflation in the Czech Republic, Hungary, Poland, and Slovakia. Writers construct monetary indicators similar to those the ECB regularly uses for monetary analysis.
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How does monetary policy change?: evidence on inflation targeting countries
Baxa, Jaromír ; Horváth, Roman ; Vašíček, Bořek
Writers examine the evolution of monetary policy rules in a group of inflation targeting countries (Australia, Canada, New Zealand, Sweden and the United Kingdom) applying moment-based estimator at time-varying parameter model with endogenous regressors.
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Heterogeneity in bank pricing policies: the Czech evidence
Horváth, Roman ; Podpiera, Anca
In this paper, writers estimate the interest rate pass-through from money market to bank interest rates using various heterogeneous panel cointegration techniques to address bank heterogeneity. Based on micro-level data from the Czech Republic, the results indicate that the nature of interest rate pass-through differs across banks in the short term (rendering estimators that constrain coefficients across groups to be identical inconsistent) and becomes homogeneous across banks only in the long term, supporting the notion of the law of one price.
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National Repository of Grey Literature : 237 records found   beginprevious218 - 227next  jump to record:
See also: similar author names
24 HORVÁTH, Roman
4 Horváth, Radovan
24 Horváth, Roman
24 Horváth, Roman
2 Horváth, Rudolf
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