Publikace na Fakulta sociálních věd, Matematicko-fyzikální fakulta, Centrum pro ekonomický výzkum a doktorské studium |
2011
Abstrakt
We empirically examine the interactions between the macroeconomic environment, monetary policy and the financial system in the Czech Republic. We find that the financial sector conveys useful, but somewhat noisy, information about future macroeconomic conditions.
Our results also indicate that monetary restriction leads to more prudent behaviour of commercial banks.