Politická ekonomie 2015, 63(8):948-966 | DOI: 10.18267/j.polek.1046

Vliv měnových podmínek na jednotlivé kategorie cen v České Republice v kontextu měnové a makroobezřetnostní politiky

Lukáš Pfeifer, Zdeněk Pikhart
1 Vysoká škola ekonomická v Praze, Česká národní banka.
2 Vysoká škola ekonomická v Praze, Ministerstvo financí.

The Effect of Monetary Conditions on Individual Categories of Prices in the Czech Republic

The article deals with the theoretical issues of macro-prudential policy, the influence of risk channel of monetary policy on financial stability and the cooperation of macro-prudential and monetary policy, respectively the compatibility of the objectives of these policies. On the Czech economy data is therefore tested the relationship between monetary policy conditions and prices of selected categories. The model results open the door to greater use especially of the industrial producer price index, respectively its sub-indices, for the coordination of monetary and macro-prudential policy in the Czech Republic.

Keywords: risk channel of monetary policy, monetary policy, macro-prudential policy, index of monetary conditions, impulse-response functions, financial stability
JEL classification: E31, E32, E52, E58

Published: December 1, 2015  Show citation

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Pfeifer, L., & Pikhart, Z. (2015). The Effect of Monetary Conditions on Individual Categories of Prices in the Czech Republic. Politická ekonomie63(8), 948-966. doi: 10.18267/j.polek.1046
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