Spôsob výkonu menovej politiky – menové pravidlá, alebo diskrétne opatrenia?

Paper inquires into theoretical debate on various approaches to monetary policy. It introduces ideas of two economic schools emphasizing monetary policy rules contrary to discretion. Proposed arguments reflect standpoints of ongoing debate from 20th century up to present days. Source of theoretical arguments advocating policy rules are economic schools of monetarism and rational expec-tations. On the other hand, swig to discretion defend schools of Keynesianism. Summarized are key arguments of both. Article contributes to academic debate even in situation of impaired competences of local central bank in domain of monetary policy.