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Transmission Mechanisms of Monetary Policy in Central and Eastern Europe. A Dynamic VAR Analysis
[ January 2002 - June 2002 ]
The project was financed by CERGE-EI ran from January 2001 to June 2002.
A team of economists - Georgy Ganev (Centre for Liberal Strategies, Sofia), Krisztina Molnar (Hungarian National Bank) and Krzysztof Rybiński (BPH PBK Bank, Poland), led by Przemysław Woźniak (CASE) - researched the transmission mechanisms of mon
etary policy in several Central and Eastern European countries using comparative methodology. The empirical analysis covered two transmission channels: interest rates and exchange rates, using reaction functions, causality tests and co-integration.Results of the research were published in the CASE Reports series (No. 52) in October 2002.
[ Completed Project ]
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