Publication details

Postavení centrální banky během procesu transformace a před vstupem do EU

Investor logo
Title in English Position of the central bank during the economic transition and before the EU accession.
Authors

KVIZDA Martin

Year of publication 2002
Type Article in Proceedings
Conference Specifika transformačního procesu ČR
MU Faculty or unit

Faculty of Informatics

Citation
Field Economy
Keywords economic transition; central bank; EU; monetary policy
Description Monetary policy should be determined with regard to fiscal policy objectives and on the other hand, fiscal policy should allow for the fact that a given measure will provoke a corresponding response of monetary policy. Problems of mutual co-ordination of monetary and fiscal policies will depend on two basic facts: (i) on the legislatively enshrined relationship between the government and the central bank and (ii) on setting macroeconomic targets. Economic policy will obtain the best results, if monetary and fiscal policy measures (i.e. governments and central bank activities) will be mutually co-ordinated - not at random, but according to the set rule, i.e. contracted central-banks independence. It is also related with public setting and quantification of macroeconomic targets, position of the central bank with respect to the government, i.e. the degree of its independence and efficient public control.
Related projects:

You are running an old browser version. We recommend updating your browser to its latest version.

More info