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Regional Economic Outlook, May 2018, Europe

Managing the Upswing in Uncertain Times

The Spring EUR REO projects the economic outlook for the region for the next six months.

Regional Economic Outlook, October 2018, Europe
			: Domestic Expansion Running into External Turbulence

Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

DOI: http://dx.doi.org/10.5089/9781484375402.086

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

Economic activity continued to expand in the first half of 2018, albeit at a slower-than-expected pace, mainly in advanced Europe. Domestic demand, supported by stronger employment and wages, remains the main engin...

An Index for Transparency for Inflation-Targeting Central Banks: Application to the Czech National Bank

An Index for Transparency for Inflation-Targeting Central Banks: Application to the Czech National Bank »

Volume/Issue: 2018/210

Series: IMF Working Papers

Author(s): Rania Al-Mashat , Ales Bulir , N. Nergiz Dinçer , Tibor Hlédik , Tomás Holub , Asya Kostanyan , Douglas Laxton , Armen Nurbekyan , Rafael Portillo , and Hou Wang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 September 2018

DOI: http://dx.doi.org/10.5089/9781484374832.001

ISBN: 9781484374832

Keywords: Central banks, Czech Republic, Europe, Inflation targeting, Monetary policy, Transparency, General

This paper develops a new central bank transparency index for inflation-targeting central banks (CBT-IT index). It applies the CBT-IT index to the Czech National Bank (CNB), one of the most transparent inflation-ta...

Czech Republic
			: 2018 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for the Czech Republic

Czech Republic : 2018 Article IV Consultation - Press Release; Staff Report; and Statement by the Executive Director for the Czech Republic »

Volume/Issue: 2018/187

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 June 2018

DOI: http://dx.doi.org/10.5089/9781484363669.002

ISBN: 9781484363669

Keywords: Czech Republic, Europe

This 2018 Article IV Consultation highlights the Czech Republic's strong, broad-based, and job-rich growth. The economy grew at 4.4 percent in 2017, led by strong domestic demand. The unemployment rate fell to a re...

Czech Republic
			: Selected Issues

Czech Republic : Selected Issues »

Volume/Issue: 2018/188

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 June 2018

DOI: http://dx.doi.org/10.5089/9781484363751.002

ISBN: 9781484363751

Keywords: Europe, Czech Republic

This Selected Issues paper examines the state of the labor supply in the Czech Republic. The Czech working-age population is projected to decline. This has important implications for the labor supply and long-term...

Regional Economic Outlook, May 2018, Europe
			: Managing the Upswing in Uncertain Times

Regional Economic Outlook, May 2018, Europe : Managing the Upswing in Uncertain Times »

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 May 2018

DOI: http://dx.doi.org/10.5089/9781484339909.086

ISBN: 9781484339909

Europe continues to enjoy a strong growth spurt. Growth has firmed up in many European economies and the forecast is for more of the same. Real GDP increased by 2.8 percent in 2017, up from 1.8 percent in 2016. The...

Advancing the Frontiers of Monetary Policy

Advancing the Frontiers of Monetary Policy »

Series: Books

Author(s): Tobias Adrian , Douglas Laxton , and Maurice Obstfeld

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 April 2018

DOI: http://dx.doi.org/10.5089/9781484325940.071

ISBN: 9781484325940

Keywords: Inflation Targeting, Monetary Policy, Central Banking, Central Bank Communications, Financial Stability, Forward Guidance, Optimal Control

Inflation-forecast targeting is state of the art for monetary policy. This book explores first principles, including managing short-term policy trade-offs. The book also...

Revisiting the Economic Case for Fiscal Union in the Euro Area

Revisiting the Economic Case for Fiscal Union in the Euro Area »

Volume/Issue: 2018/3

Series: Departmental Papers / Policy Papers

Author(s): Helge Berger , Giovanni Dell'Ariccia , and Maurice Obstfeld

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 February 2018

DOI: http://dx.doi.org/10.5089/9781484340424.087

ISBN: 9781484340424

Keywords: Sweden, Switzerland, United Kingdom, Monetary unions, Spain, Italy, Fiscal policy, France, Germany, Greece

The paper makes an analytical contribution to the revived discussion about the euro area's institutional setup. After significant progress during the euro crisis, the drive to complete Europe's Economic and Monetar...

Did the Exchange Rate Floor Prevent Deflation in the Czech Republic?

Did the Exchange Rate Floor Prevent Deflation in the Czech Republic? »

Volume/Issue: 2017/206

Series: IMF Working Papers

Author(s): Francesca Caselli

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 September 2017

DOI: http://dx.doi.org/10.5089/9781484319291.001

ISBN: 9781484319291

Keywords: Foreign exchange, Czech Republic, Europe, Foreign exchange intervention, Central banks and their policies, exchange rate, synthetic control method

To fight deflationary pressures at the zero lower bound, in November 2013, the Czech National Bank (CNB) introduced a one-sided floor on the exchange rate, as an additional monetary policy instrument. This paper in...

Czech Republic
			: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Czech Republic

Czech Republic : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Czech Republic »

Volume/Issue: 2017/168

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 June 2017

DOI: http://dx.doi.org/10.5089/9781484305256.002

ISBN: 9781484305256

Keywords: Czech Republic, Europe

This 2017 Article IV Consultation highlights the strong Czech economy. It grew by 2.4 percent in 2016, and unemployment is now the lowest in the European Union. Headline inflation is at the target, and external def...

Czech Republic
			: Selected Issues

Czech Republic : Selected Issues »

Volume/Issue: 2017/169

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 June 2017

DOI: http://dx.doi.org/10.5089/9781484305263.002

ISBN: 9781484305263

Keywords: Europe, Czech Republic

This Selected Issues paper analyzes the Czech Republic's monetary policy after removal of the exchange rate floor. The koruna-euro exchange rate floor, which had been in place for more than three years, was elimina...