Did the Exchange Rate Floor Prevent Deflation in the Czech Republic? /
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 investigates the impact of the FX floor on inflation in the Czech Republic, by comparing...
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| 格式: | 杂志 |
| 语言: | English |
| 出版: |
Washington, D.C. :
International Monetary Fund,
2017.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 2017/206 |
| 在线阅读: | Full text available on IMF |