This paper puts forward a global macro model comprising 43 countries and covering the
period from Q1 1995 to Q4 2011. Our regional focus is on countries in Central, Eastern and …

This article reviews the literature on exchange rate pass-through in emerging markets with a
special focus on the burgeoning empirical research. The literature has overwhelmingly …

We investigate the evolution of the monetary policy transmission mechanism in the Czech
Republic over the course of the 1996–2010 time period through the use of a time-varying …

Though high and rising inflation has been a challenge for most economies across Europe in
2022 and into 2023, it has accelerated in Hungary to the highest level in Europe. This paper …

This study investigates causal dynamics between crude oil prices and exchange rates in
Czech Republic, Poland and Hungary by employing monthly data from the beginning of …

We examine exchange rate pass-through, or how domestic prices respond to exchange rate
shocks, in the Czech Republic from 1998 to 2013 by employing vector autoregression …

This article builds and estimates a medium scale, small open economy DSGE model
augmented with search-and-matching frictions in the labor market, and different wage …

We document the transmission of monetary policy and risk-premium shocks in Hungary, by
applying recent advances in the Bayesian estimation of large VAR models. The method …

Exchange rate movements influence prices through numerous channels. In this paper we
provide empirical evidence on pass-through of exchange rate movements into consumer …

Bayesian vector autoregressions (BVAR) have turned out to be useful for medium-term
macroeconomic forecasting. Several features of the Czech economy strengthen the …