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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
The large financial crises in the last decade have increased the interest of many economists in searching for some indicators, which can predict speculative attacks on currencies. Most of these studies concern on emerging economies, because they are more vulnerable to such speculative attacks....
Persistent link: https://www.econbiz.de/10005036573
The article aims at introducing new methodology for recognizing suitable indicators to monitor the potential risk of extensive pressure on the exchange rate (early warning indicators) and for identifying vulnerabilities in an economy to this pressure reflected by simultaneous negative...
Persistent link: https://www.econbiz.de/10008754968
The article summarizes the main points discussed at the seminar on The Nobel Prize Laureates, 2003, held by the Czech Economic Association in March 2004. The seminar featured two main speakers: Josef Arlt (University of Economics, Prague, and Charles University, Prague), who lectured on the work...
Persistent link: https://www.econbiz.de/10008495635
inflation. The paper focuses on different methods of how to measure the long-term equilibrium exchange rate. After a brief …
Persistent link: https://www.econbiz.de/10005103172
Persistent link: https://www.econbiz.de/10000688274
The paper presents both theoretical and an empirical analysis of factors influencing the prices of non-tradable goods and services in the Czech economy. The analysis discusses the development of the real exchange rate of the Czech koruna and quantifies the size of the real exchange rate...
Persistent link: https://www.econbiz.de/10005036411
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
aggregates (broad and narrow money), foreign exchange reserves, inflation and interest rates. We found that after relatively …
Persistent link: https://www.econbiz.de/10005036615
eurozone. First, it is shown that there exist systematic inflation and real interest rate differentials among the member … countries. These differentials reach up to 3 percentage points per year between the high inflation countries (e.g. Ireland) and … the low inflation ones (e.g. Germany). Different rates of growth of private or total domestic debt in individual countries …
Persistent link: https://www.econbiz.de/10005036596