Sökning: "Claire Thürwächter"

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  1. 1. The Effectiveness of Exchange Rate Targeting as a Monetary Policy Tool at the Zero Lower Bound - The Case of the Czech Republic

    D-uppsats, Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Författare :Jenny Dreier; Claire Thürwächter; [2016]
    Nyckelord :Unconventional Monetary Policy; Exchange Rate Targeting; Czech Republic; Vector Autoregressive Models; Policy Evaluation;

    Sammanfattning : In November 2013, the Czech economy faced significant deflationary pressure as a consequence of a recessionary European environment. In response, the Czech National Bank decided to depreciate its exchange rate artificially and defend a one-sided exchange rate target of 27 CZK/EUR. The goal is to guide inflation back to target. LÄS MER