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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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Vulnerabilities in an economy to extensive pressures on the exchange rate
Pazou, Michal - In: Politická ekonomie 2008 (2008) 5, pp. 598-620
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
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Relative version of the theory of purchasing power parity: problems of empirical verification
Mandel, Martin; Tomšík, Vladimír - In: Politická ekonomie 2008 (2008) 6, pp. 723-738
as VAR analysis. The authors tested 21 currency pairs of the U.S.A., Canada, Japan, Switzerland, the Great Britain … inflation. …
Persistent link: https://www.econbiz.de/10008754973
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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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Dynamic model of uncovered interest rate parity (theory and empirical verification in the transitive economies)
Durčáková, Jaroslava; Mandel, Martin; Tomšík, Vladimír - In: Politická ekonomie 2005 (2005) 3, pp. 291-304
The paper presents a dynamic approach to the theory of uncovered interest rate parity. It is examined the dynamic relation between the actual change in spot exchange rate and interest rate differential. Authors show the hypothesis of uncovered interest rate parity is based on an ex ante view and...
Persistent link: https://www.econbiz.de/10005036609
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EU Membership Strengthens the Competitiveness of the Czech Republic
Malý, Jiří - In: Acta Oeconomica Pragensia 2005 (2005) 2, pp. 71-80
As regards the frequently mentioned risks connected with the EU entry, we feel that the analyzed macroeconomic data do not confi rm that these risks have materialized. The example of the Czech Republic, which joined the EU in 2004, conversely points to an improvement of most macroeconomic...
Persistent link: https://www.econbiz.de/10005036391