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 …

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 …

aggregates (broad and narrow money), foreign exchange reserves, inflation and interest rates. We found that after relatively …

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 …

. Macroeconomic stability of the Czech economy improved substantially in the fields of inflation, monetary development and foreign …

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 …

topic of this article. The central bank's experience with inflation targeting, and the implementation of the inflation …