03253ntm a22005057i 4500 000722913 CZ-PrVSE 20250608110309.0 m d cr n|||||||||| 250608s2025 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Pokorný, Tomáš ISIS:126421 dis Macroeconomic Aspects of Central Bank Independence eng Macroeconomic Aspects of Central Bank Independence / Tomáš Pokorný 2025 ?? stran : digital, PDF soubor Vedoucí práce: Helena Chytilová Disertační práce (Ph.D.)—Vysoká škola ekonomická v Praze. Národohospodářská fakulta, 2025 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2025 This dissertation examines the macroeconomic aspects of central bank independence (CBI) by developing a novel CBI index that reflects contemporary legal standards and differentiates between de jure and de facto independence, revising the outdated mainstream CBI index by Cukierman, Webb, and Neyapti (1992). Using this novel index, we compute de jure and de facto CBI, building a panel dataset for 2010, 2015, and 2020, covering 29 OECD countries with independent monetary policies and the 10 most populous non-OECD economies. The empirical analysis finds that de facto CBI is a stronger determinant of inflation stability than de jure CBI. Furthermore, a case study of the Czech Republic, Hungary, and Poland demonstrates that higher CBI enhances monetary policy predictability, as revealed by time-varying Taylor rule estimations. Additionally, a nonlinear Two-Agent New Keynesian (TANK) DSGE model shows that while political interference in central banking and central bank independence may yield short-term welfare gains, it ultimately leads to higher inflation volatility and long-term economic instability. The findings underscore the necessity of protecting CBI from growing political pressures to ensure that central banks maintain credibility and effectiveness in inflation targeting and macroeconomic stability. Způsob přístupu: Internet ekonomická teorie [obor disert. práce] disertace fd132024 czenas dissertations eczenas Central Bank Independence Inflation Targeting Monetary Policy DSGE Models Chytilová, Helena ntk2018979754 ths Potužák, Pavel vse20231203939 opn Vysoká škola ekonomická v Praze. Národohospodářská fakulta kn20010709401 dgg https://insis.vse.cz/zp/83597/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/83597 Hlavní práce https://insis.vse.cz/zp/83597/posudek/oponent/86928 Oponentura https://insis.vse.cz/zp/83597/posudek/oponent/86929 Oponentura https://insis.vse.cz/zp/83597/podrobnosti dc:identifier NEPOSILAT VSKP vse83597 250604 83597