{"id":4547,"date":"2026-01-26T09:47:01","date_gmt":"2026-01-26T09:47:01","guid":{"rendered":"https:\/\/aap.umb.sk\/?page_id=4547"},"modified":"2026-03-18T13:19:15","modified_gmt":"2026-03-18T13:19:15","slug":"roman-sajter","status":"publish","type":"page","link":"https:\/\/aap.umb.sk\/?page_id=4547","title":{"rendered":"Roman \u0160ajter"},"content":{"rendered":"\n

Kredibilita centr\u00e1lnych b\u00e1nk vo vybran\u00fdch ekonomik\u00e1ch strednej a v\u00fdchodnej Eur\u00f3py v kontexte dvoch k\u013e\u00fa\u010dov\u00fdch kr\u00edz 21. storo\u010dia<\/strong><\/p>\n\n\n\n

CREDIBILITY OF CENTRAL BANKS IN SELECTED CENTRAL AND EASTERN EUROPEAN ECONOMIES IN THE CONTEXT OF TWO KEY CRISES OF THE 21ST CENTURY<\/strong><\/p>\n\n\n\n

Published: 26.1.202<\/em>6<\/p>\n\n\n\n

https:\/\/doi.org\/10.24040\/aap.2026.23.1.1-14<\/a><\/p>\n\n\n\n

Abstract: <\/strong>This paper examines the evolution of central bank credibility in selected Central and Eastern European economies in the context of the global financial crisis and the Covid-19 pandemic. The aim is to compare how central bank credibility responded to two fundamentally different macroeconomic shocks of the 21st century. The empirical analysis employs a credibility index based on deviations of inflation expectations from time-varying inflation targets. The results reveal substantial cross-country heterogeneity, with the Covid-19 pandemic causing a more widespread and pronounced loss of credibility than the global financial crisis. The findings document notable differences in the magnitude and dynamics of credibility developments across the analyzed central banks.<\/pre>\n\n\n\n
Keywords:<\/strong> central bank, central bank credibility, central and eastern Europe, inflation, inflation expectations, inflation target, global financial crisis, Covid-19 pandemic <\/p>\n\n\n\n
Full text article:<\/strong><\/p>\n\n\n\n
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\u0160AJTER, R. Kredibilita centr\u00e1lnych b\u00e1nk vo vybran\u00fdch  ekonomik\u00e1ch strednej a v\u00fdchodnej Eur\u00f3py v kontexte dvoch k\u013e\u00fa\u010dov\u00fdch kr\u00edz 21. storo\u010dia<\/em>. Acta aerarii publici. Online. vol. 23 (2026), no. 1, s. 1 \u2013 14.\u00a0Dostupn\u00e9 na: https:\/\/doi.org\/10.24040\/aap.2026.23.1.1-14<\/a>. [d\u00e1tum citovania RRRR-MM-DD].<\/p>\n","protected":false},"excerpt":{"rendered":"
Kredibilita centr\u00e1lnych b\u00e1nk vo vybran\u00fdch ekonomik\u00e1ch strednej a v\u00fdchodnej Eur\u00f3py v kontexte dvoch k\u013e\u00fa\u010dov\u00fdch kr\u00edz 21. storo\u010dia CREDIBILITY OF CENTRAL BANKS IN SELECTED CENTRAL AND EASTERN EUROPEAN ECONOMIES IN THE CONTEXT OF TWO KEY CRISES OF THE 21ST CENTURY Published: 26.1.2026 https:\/\/doi.org\/10.24040\/aap.2026.23.1.1-14 Abstract: This paper examines the evolution of central bank credibility in selected Central and Eastern … <\/p>\n
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