Abstract
This dissertation contains four empirical essays on monetary economics. They all deal with various aspects of monetary issues in the Central Europe.
More specifically, all chapters look at the nexus of interest rates and prices and examine the impact of interest rates on price developments or the behavior of prices itself. In chapter 1, I estimate policy neutral rate by structural time-varying parameter model for the Czech Republic and evaluate its predictive ability for future inflation developments.
Chapter 2 and chapter 3 examine the behaviour of price at the microeconomic level and assess the impact of market structure on inflation inertia. In chapter 4, I explore the effects of Czech monetary policy on the economy within various vector autoregression models.