Research

The objective of the CNB‘s research is to provide outputs which help to expand the knowledge base needed for the core activities of the CNB and which are of a high standard on the international scale. The CNB’s research is focused on seven main areas:

  • monetary policy and analysis of monetary policy transmission,
  • analysing the transmission of macroprudential and microprudential instruments,
  • the interactions between macroprudential, microprudential and monetary policies,
  • macroeconomic modelling,
  • developing and refining the methodology for stress testing the sectors of the financial system,
  • instruments for identifying and quantifying hidden systemic risks,
  • the real sector and fiscal policy.

Key features of CNB research

Key features of CNB research

The research is coordinated and conducted by two divisions – the Economic Research Division in the Monetary Department and the Financial Research Division in the Financial Stability Department. The Economic Research Division also coordinates the preparation of internal reports and public minutes of monetary policy meetings, which are among the CNB’s main communication tools in the monetary policy area. The Financial Research Division coordinates the preparation of internal standpoints on monetary policy situation reports and the preparation of materials for monetary policy decision-making.