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National Repository of Grey Literature

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	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. Detailed record
	The effects of an anticipated future change in the monetary policy regime Antal, Juraj ; Brázdik, František In this paper, writers investigate the effects of an anticipated future change in monetary policy regime in small open economies targeting either inflation or the exchange rate. The announcement of a future change in the monetary policy regime triggers an immediate change in the behavior of households and firms. Fulltext: PDF Detailed record
	Zavěšení měnového kurzu versus inflační cílování před vstupem do měnové unie Antal, J. ; Brázdik, František This paper investigates the performance of simple monetary policy rules within a New Keynesian framework for a small open economy that is subject to a monetary union entry. Detailed record
	Optimální pravidla monetární politiky: problém stability za heterogenního učení Bogomolova, Anna ; Kolyuzhnov, Dmitri In this paper we extend the analysis of optimal monetary policy rules in terms of stability of the economy, started by Evans and Honkapohja (2003), to the case of heterogeneous learning. Detailed record

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