National Repository of Grey Literature 2 records found  Search took 0.00 seconds. 
Real-time versus revised data in estimating the Taylor rule for the Czech Republic
Beňo, David ; Potužák, Pavel (advisor) ; Slaný, Martin (referee)
The main task of this paper is to analyze the differences between estimates of Taylor rule in real-time and with revised data. Estimates of the Taylor rule for the Czech Republic are compared. The source of data is OECD real-time database. The analysis shows that the estimates in real-time and ex-post vary significantly. The average deviation is equal to 0.9 percentage points. The main cause is the estimation of the output gap in real-time. Parameters of estimated reaction function also depend on the type of used data. The rule of inflation targeting or natural growth is more suitable for the use in real-time.
Analysis US Monetary Policy between the years 2001-2005
Binka, Martin ; Dočkal, Dalibor (advisor) ; Štěpánek, Pavel (referee)
With the extension and deepening of the financial and economic crisis, many views are directed to pre-crisis monetary policy of the central bank of the United States. This work is focused on the analysis of the value of federal interest rates in 2001-2005. The analysis is performed by using selected monetary policies - famous Taylor rule, McCallum rule and Gali rule. The work provides us with a comprehensive view of the interest rate compared with the outputs of these monetary rules.

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