Roman HORVÁTH: Do Confidence Indicators Help Predict Economic Activity? The Case of the Czech Republic Jakub RYŠÁNEK, Jaromír TONNER, Stanislav TVRZ, Osvald VAŠÍČEK : Monetary Policy Implications of Financial Frictions in the Czech Republic Piotr FISZEDER, Witold ORZESZKO: Nonparametric Verification of GARCH-Class Models for Selected Polish Exchange Rates and Stock Indices Vít POŠTA: Time-Varying Risk Premium in the Czech Capital Market: Did the Market Experience a Structural Shock in 2008–2009?