The Research and Policy Notes of the Czech National Bank (CNB) are intended to disseminate the results of the CNB´s research projects as well as the other research activities of both the staff of the CNB and collaborating outside contributors. The Notes aim to present topics related to strategic issues or specific aspects of monetary policy and financial stability in a less technical manner than the CNB Working Paper Series. The Notes are refereed internationally. The referee process is managed by the CNB Economic Research Department. The Notes are circulated to stimulate discussion. The views expressed are those of the authors and do not necessarily reflect the official views of the CNB.

2011

• Survey of Research on Financial Sector Modeling within DSGE Models: What Central Banks Learn from It
  František Brázdik, Michal Hlaváček and Aleš Maršál
  RPN 3/2011
• Credit Growth and Capital Buffers: Empirical Evidence from Central and Eastern European Countries
  Adam Geršl and Jakub Seidler
  RPN 2/2011
• Price-Level Targeting – A Real Alternative to Inflation Targeting?
  Jiří Böhm, Jan Filáček, Ivana Kubicová and Romana Zamazalová
  RPN 1/2011

2008

• Ten years of EMU: Convergence, divergence and new policy priorities
  Nicos Christodoulakis
  RPN 1/2008

2007

• Inflation Targeting and the Role of Real Objectives
  Carl Walsh
  RPN No. 2/2007
• Short-term Forecasting Methods Based on the LEI Approach: The Case of the Czech Republic
  Vojtěch Benda and Luboš Růžička
  RPN No. 1/2007

2006

• Private Finance and Public Policy
  Garry J. Schinasi
  RPN  2/2006
• The EU Budget Dispute - A Blessing in Disguise?
  Ondřej Schneider
  RPN 1/2006

2005

• Optimal Forward-Looking Policy Rules in the Quarterly Projection Model of the Czech National Bank
  Jan Stráský
  RPN 5/2005
• Fulfilment of the Maastricht Inflation Criterion by the Czech Republic: Potential Costs and Policy Options
  Vít Bárta
  RPN 4/2005
• Eligibility of External Credit Assessment Institutions
  Helena Sůvová, Eva Kozelková, David Zeman, Jaroslava Bauerová
  RPN 3/2005
• Stress Testing the Czech Banking System: Where Are We? Where Are We Going?
  Martin Čihák and Jaroslav Heřmánek
  RPN 2/2005
• The CNB´s Policy Decisions - Are They Priced in by the Markets?
  David Navrátil and Viktor Kotlán
  RPN 1/2005

2004

• External and Fiscal Sustainability of the Czech Economy: A Quick Look Through the IMF's Night-Vision G oggles
  Aleš Bulíř
  RPN 4/2004
• Designing stress tests for the Czechbanking system
  Martin Čihák
  RPN 3/2004
• Stress testing: A review of key concepts
  Martin Čihák
  RPN 2/2004
• Foreign Exchange Interventions Under Inflation Targeting: The Czech Experience
  Tomáš Holub
  RPN 1/2004

2003

• Targeting inflation under uncertainty: Policy maker's perspective
  Kateřina Šmídková
  RPN 2/2003
• Inflation targeting: To forecast or to simulate?
  Michal Skořepa, Viktor Kotlán
  RPN 1/2003