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Monetary approach to inflation: A medium-term structural model in a small open economy (the case of the Czech Republic in 1996-2004)
Arlt, Josef; Kodera, Jan; Mandel, Martin; Tomšík, … - In: Politická ekonomie 2006 (2006) 3
The paper analyses a relationship between monetary aggregate M2 and inflation in a small open economy. The relationship … between monetary expansion and inflation as well as a dynamic of income velocity of money framework in a small open economy … money and tradables inflation in the case of the Czech small open economy is not found. The conclusions presented in the …
Persistent link: https://www.econbiz.de/10005036707
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The risk of currency crisis in the period of participating in exchange rate mechanism ERM II
Helísek, Mojmír - In: Politická ekonomie 2008 (2008) 3, pp. 380-403
In the course of exchange rate development history of the countries taking part and evaluated in ERM or ERM II before they entered the euro-area there was no depreciating evolution with a trend to currency crisis at all. Fundamental indicators of these economies, partly owing to the compliance...
Persistent link: https://www.econbiz.de/10008754971
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K pøíèinám mìnových krizí - empirie a teorie
Helísek, Mojmír - In: Czech Journal of Economics and Finance (Finance a uver) 52 (2002) 9, pp. 458-477
The article summarizes recognized empirical knowledge about the causes of currency crises, making use of several extensive empirical studies carried out in the late 1990s, and examines select theoretical models of such causation. The results are divided into three levels of causes: general risk...
Persistent link: https://www.econbiz.de/10008549678
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Non-linear "Tuning" of Frankel's Exchange Rate Model
Michl, Aleš - In: Acta Oeconomica Pragensia 2005 (2005) 1, pp. 70-81
In this essay I've demonstrated that there is evidence of unstable and non-linear relationship between fundamental variables and exchange rates. I have tried to "tune" Frankel's (1979) real interest differential model of exchange rate fluctuation. I have distinguished between Czech crown/Euro...
Persistent link: https://www.econbiz.de/10005036477
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Money and inflation : lost cointegration
Michl, Aleš - In: Politická ekonomie : teorie, modelování, aplikace 67 (2019) 4, pp. 385-405
Persistent link: https://www.econbiz.de/10012101761
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The model of unobservable components and its use for identification of time series common trends
Arlt, Josef; Pokorný, Petr - In: Politická ekonomie 2006 (2006) 1, pp. 48-55
gap transformations of real M2 and real GDP series can be used for identification of inflation risks. The relatively high … correlation was found between gap form of M2 and rate of inflation. The relationship between gap form of GDP and rate of inflation …
Persistent link: https://www.econbiz.de/10005036580