The orientation of research at the Research Centre for the Competitiveness of the Czech Economy at the Faculty of Economics and Administration at Masaryk University
The Research Centre for the Competitiveness of the Czech Economy at the Faculty of Economics and Administration at Masaryk University is engaged in research into the component growth performance and stability, focusing on two principal areas. In the area of macroeconomics the section is concerned with identifying factors in economic growth, on both the supply and demand side. The growth in output is broken down into the contributions made by individual production factors. The effect of technological progress is analysed in terms of an international comparison. In respect of demand, the research focuses on macroeconomic figures influencing private consumption, disposable income, the level of household savings, consumer prices, etc. The analysis monitors the structure and dynamics of these figures in terms of an international comparison.

The focus of this component lies in a study of monetary policy and its effect on a small, open, inflation-directed economy. It analyses the optimal behaviour of the central bank represented by variant monetary rules, including their selection and robustness testing. The research also considers the effect of external shocks on the growth and stability of the economy, identification of possible sources of macroeconomic instability and the possibilities open to the central bank in stabilising output and inflation, and, last but not least, the effect of the adopted monetary policy and inflationary targeting on economic growth. The research activities also consider the importance and interpretation of monetary economics and monetary policy within the expanded EU and the planned acceptance of the Euro (ERM2). In this respect the important thing is the appropriate interconnection of the macroeconomic goals of monetary and fiscal policy.

Publications