0370775 - NHU-C 2012 CZ eng J - Journal Article
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
Institutional research plan: CEZ:MSM0021620846
Keywords : macroeconomic environment * monetary restriction * financial system
Subject RIV: AH - Economics
Result website:
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.
Permanent Link: http://hdl.handle.net/11104/0204472