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Do financial variables help predict the macroeconomic environment?

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    0370775 - NHU-C 2012 CZ eng J - Článek v odborném periodiku
    Havránek, T. - Horváth, R. - Matějů, Jakub
    Do financial variables help predict the macroeconomic environment?
    Economic Research Bulletin. Roč. 9, č. 2 (2011), s. 14-17. ISSN 1803-7089
    Výzkumný záměr: CEZ:MSM0021620846
    Klíčová slova: macroeconomic environment * monetary restriction * financial system
    Kód oboru RIV: AH - Ekonomie
    http://www.cnb.cz/miranda2/export/sites/www.cnb.cz/en/research/research_publications/erb/download/ERB_No2_2011.pdf

    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.
    Trvalý link: http://hdl.handle.net/11104/0204472

     
     
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