03334ntm a22005297i 4500 000726036 CZ-PrVSE 20250920220214.0 m d cr n|||||||||| 250920s2025 xr fsbm 000 0 eng d NEZPRACOVANÝ IMPORT ABA006 cze ABA006 ABA006 rda Matloch, Mateusz ISIS:149843 dis Inflation Targeting vs. Average Inflation Targeting in the New Keynesian Small Open Economy Model eng Inflation Targeting vs. Average Inflation Targeting in the New Keynesian Small Open Economy Model / Mateusz Matloch 2025 ?? stran : digital, PDF soubor Vedoucí práce: Lukáš Augustin Máslo Diplomová práce (Ing.)—Vysoká škola ekonomická v Praze. Národohospodářská fakulta, 2025 Obsahuje bibliografii Textový (vysokoškolská kvalifikační práce) Rok obhajoby 2025 This thesis investigates the comparative performance of inflation targeting and average inflation targeting monetary policies. In the last decade, low inflation numbers and low interest rates were present. As a reaction, Fed decided to shift the monetary policy paradigm by switching from inflation targeting to average inflation targeting regime. Using the New Keynesian small open economy DSGE model, which is calibrated to fit the Czech economy specification, impulse response functions are generated for the presence of technology shock, world output shock, interest rate shock, world inflation shock, domestic inflation shock, and foreign inflation shock. Since CNB uses flexible inflation targeting and Fed opted to choose flexible average inflation targeting, those regimes are compared. The FAIT regime has three alternatives with different averaging horizons: 4 periods, 8 periods, and 12 periods. This thesis shows that FAIT is a considerable option for monetary policy authorities. Output and consumption behave quite similarly, while the biggest divergence between regimes is in price level and interest rate. FAIT regimes also show a higher degree of fluctuation while converging back to the steady state values. Způsob přístupu: Internet ekonomie [obor dipl. práce] diplomové práce fd132022 czenas master's theses eczenas inflation targeting average inflation targeting monetary policy central bank inflation New Keynesian model Máslo, Lukáš Augustin, 1985- vse2016909416 ths Potužák, Pavel vse20231203939 opn Vysoká škola ekonomická v Praze. Národohospodářská fakulta kn20010709401 dgg https://insis.vse.cz/zp/89001/podrobnosti VŠKP v InSIS https://insis.vse.cz/zp/89001 Hlavní práce https://insis.vse.cz/zp/89001/posudek/vedouci Hodnocení vedoucího https://insis.vse.cz/zp/89001/posudek/oponent/88462 Oponentura https://insis.vse.cz/zp/89001/podrobnosti dc:identifier NEPOSILAT VSKP vse89001 250905 89001