Are Central Banks In CEE Countries Concerned About The Burden Of Public Debt?
The aim of this study is to analyze the monetary policy rules in the Czech Republic, Hungary and Poland, with public debt as an additional explanatory variable. We estimate linear rules by the GMM estimation and non-linear rules, using the Markov-switching model. Our findings suggest that in the Cze...
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| Format: | Article |
| Language: | English |
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Lodz University Press
2017-03-01
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| Series: | Comparative Economic Research |
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| Online Access: | https://czasopisma.uni.lodz.pl/CER/article/view/1715 |