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Contributions to Inflation and Deflation in Today?s Market Economy
Revenda, Zbynìk - In: Czech Journal of Economics and Finance (Finance a uver) 54 (2004) 7-8, pp. 335-354
There are three possible price movements in a market economy: stability, inflation, and deflation. Inflation and … deflation are defined in this article as changes in the purchasing power of money caused by the money creation. Inflation and …
Persistent link: https://www.econbiz.de/10008549675
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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
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A Simple Model of Interaction Between CPI and PPI: Application to Monthly Data of EU Countries
Kadeřábek, Petr - In: Politická ekonomie 2007 (2007) 2, pp. 226-244
and PPI. A supply shock shows itself in instant PPI adjustment, a demand shock in CPI. Thus, in the CPI inflation equation … shocks to the PPI inflation, production and employment equations. In the second part we implement the model on monthly data …
Persistent link: https://www.econbiz.de/10005036648
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Exchange rate regimes in transitive economies and the effect of exchange rate policy on the development of inflation and economic growth
Durčáková, Jaroslava - In: Politická ekonomie 2009 (2009) 3, pp. 344-360
currency and the development of domestic inflation). It is obvious that exchange rate policy is not a passive factor, at least … that the inflation rate is growing in accordance with the growth of depreciation of the foreign exchange rate and the …
Persistent link: https://www.econbiz.de/10005103170
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Comparison of Selected Simple Models of Inflation in the Czech Economy
Melecký, Martin - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 5, pp. 279-297
This paper begins with a description of simple select models of inflation and their ability to fit the data. The paper … assign the best-forecast performance to the modified version of the P-star model of inflation for a small, open economy. …
Persistent link: https://www.econbiz.de/10008540713
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Price Convergence toward the EU: A Few Open Issues
Èihák, Martin; Holub, Tomáš - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 6, pp. 349-362
Central and Eastern European Countries toward prices in the European Union. The authors address the following issues: First … relative prices in individual countries? Fourth, what are the likely forms of relative price convergence in the Czech Republic …
Persistent link: https://www.econbiz.de/10008549821
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The State of the Phillips Curve
Komárek, Luboš - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 7, pp. 430-432
The Czech Economic Association, in co-operation with the Czech National Bank, organised a public seminar on ?The State of the Phillips Curve,? which featured a lecture by Professor Laurence Ball, in Prague in April 2001. Professor Ball, a professor of economics at John Hopkins University, began...
Persistent link: https://www.econbiz.de/10008495640
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Theory of money of Josef Macek and his monetary policy view
Sojka, Milan - In: Politická ekonomie 2006 (2006) 3
During 1930s and 1940s Josef Macek developed monetary theory leading to monetary policy recommendations which are deeply influenced by macroeconomic theory of John Maynard Keynes. Macek became leading Czech left-wing keynesian. His theory of money was nominalist and similarly to J. M. Keynes and...
Persistent link: https://www.econbiz.de/10005036614
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European monetary union and risks for real convergence
Janáček, Kamil; Janáčková, Stanislava - In: Politická ekonomie 2004 (2004) 4, pp. 435-450
discusses some costs and benefits of an early EMU entry for the Czech Republic (and other Central-European economies). The …
Persistent link: https://www.econbiz.de/10005036622
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Price level convergence dynamics in the CR and the accession strategy to the euro-zone
Pazour, Michal - In: Politická ekonomie 2006 (2006) 6, pp. 802-815
stabilizing Czech inflation during the two-years transition period before accession to the Euro-zone, when price convergence … inflation rate and stable exchange rate vis-à-vis euro) on the real growth of the Czech economy. In this respect, the paper …
Persistent link: https://www.econbiz.de/10005036667