Balance of Payments Development in the CR between 1990-1996 Through IS-LM-BP Model

The year 1996 was in sign of deepen unbalance in external relationships. The paper is a try to summarise problem of current account of balance payment primarily with coherence to monetary and fiscal policy last years. The first part depicted hitherto development after 1989 in Czech economy with use of IS-LM-BP model. The second part is a complement to the first part and main concern is present inflation in the Czech Republic and deficit of current account from structural view.