Global crisis weakened monetary policy transmission, Czech paper shows
The global financial and economic crisis may have slowed and weakened the transmission of monetary policy to the real economy in the Czech Republic, according to a working paper published by the central bank.
In What We Know About Monetary Policy Transmission in the Czech Republic: Collection of Empirical Results, authors Oxana Babecká Kucharčuková, Michal Franta, Dana Hájková, Petr Král, Ivana Kubicová, Anca Podpiera and Branislav Saxa study the impact of monetary policy on the economy through
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