Empirical evaluation of nominal convergence in Czech Republic, Poland and Hungary (CPH) |
| |
| Authors: | Toure Mamoudou, Trabelsi Jamel,Dufourt Fr d ric |
| |
| Affiliation: | aUniversity of Strasbourg, 61, Avenue de la Forêt Noire F-67085 Strasbourg Cedex, France |
| |
| Abstract: | We estimate a four variable structural vector auto regression (SVAR) model of the Czech Republic, Poland and Hungary economies in order to evaluate the links between the instruments of monetary policy and inflation outcomes. We find that the linkages between the interest rates and price levels are weak. However, the exchange rate constitutes the most important channel of monetary policy transmission for Poland and Hungary. For the Czech Republic, the link between interest rate rise and price level is rather indirect. |
| |
| Keywords: | CPH Nominal convergence Monetary policy shock Structural VAR |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
