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 …

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 …

The article summarizes the main points discussed at the seminar on Monetary Policy during Very Low Inflation, held by … research into low inflation and its implication for the Czech economy. The presentation was largely based on material available …

One of the most important aims of monetary policy of the Bank of Russia is to reduce CPI inflation under simultaneous … usage of additional instrument, it is unclear whether Central bank can influence inflation processes at all. The work … inquires into how inflation is influenced by credit aggregates, oil prices and exchange rate as the major factors limiting …

pulling prices directly. It is also established that real interest rates based on realised inflation have little co …-variation with activity and it is suggested to use a real interest rate based on filtered inflation instead. Rolling 10-year sample …