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Price Convergence toward the EU: A Few Open Issues
Èihák, Martin; Holub, Tomáš - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 6, pp. 349-362
This article attempts to answer a few open questions related to price convergence in the Czech Republic and in other Central and Eastern European Countries toward prices in the European Union. The authors address the following issues: First, what, from the theoretical viewpoint, should the...
Persistent link: https://www.econbiz.de/10008549821
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Exchange Rate Convergence and Entry to the Eurozone (II): A Comparison of Experiences from Member States of the European Union
Èech, Zdenìk; Komárek, Luboš - In: Czech Journal of Economics and Finance (Finance a uver) 52 (2002) 10, pp. 522-538
The article contains a general analysis of the exchange rate convergence process of EU and eurozone-candidate countries. Emphasis is given to an analysis of the exchange rate policy of member states within the ERM/ERM2 mechanism (beginning several years before the introduction of the euro) and...
Persistent link: https://www.econbiz.de/10008549714
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Exchange Rate Convergence and Entry to the Eurozone (II) A Comparison of Experiences from Member Stes of the European Union
Èech, Zdenìk; Komárek, Luboš - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 10, pp. 522-538
The article contains a general analysis of the exchange rate convergence process of EU and eurozone-candidate countries. Emphasis is given to an analysis of the exchange rate policy of member states within the ERM/ERM2 mechanism (beginning several years before the introduction of the euro) and...
Persistent link: https://www.econbiz.de/10008549881
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Kurzová konvergence a vstup do eurozóny (I) - komparace zkušeností kandidátských a èlenských zemí EU
Èech, Zdenìk; Komárek, Luboš - In: Czech Journal of Economics and Finance (Finance a uver) 52 (2002) 6, pp. 322-337
The article is a general analysis of the exchange rate convergence process for EU and Eurozone candidate countries. The introduction states that exchange rate strategies of candidate countries have to be consistent with the „acquis communataire“ from beginning to end. For these countries,...
Persistent link: https://www.econbiz.de/10008549919
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Monetary Policy during Very Low Inflation
Komárek, Luboš - In: Czech Journal of Economics and Finance (Finance a uver) 54 (2004) 1-2, pp. 64-67
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 …
Persistent link: https://www.econbiz.de/10008495641
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Exchange-Rate Convergence and Entrance to the Eurozone III - Selected Problems of New Member States (in Czech)
Èech, Zdenìk; Horváth, Roman; Komárek, Luboš - In: Czech Journal of Economics and Finance (Finance a uver) 55 (2005) 9-10, pp. 483-505
The paper contains a general analysis of the exchange rate convergence process of new European Union member states and candidate countries. Following an introduction, we discuss exchange rate strategies applied during periods of economic transition. Emphasis is given to a hypothetical evaluation...
Persistent link: https://www.econbiz.de/10005698616
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Monetary Policy: Old Lessons and New Challenges
Zamrazilová, Eva - In: Politická ekonomie 2011 (2011) 1, pp. 3-21
The relatively long term period of stability before the present crises called even "Great Moderation" or "Golden Age of Central Banking" indicated that the infl ation targeting was a success story. As of 2008 a lot has changed and the debate over "Leaning against the wind or Clean afterwards?"...
Persistent link: https://www.econbiz.de/10008876466
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Contributions to Inflation and Deflation in Today?s Market Economy
Revenda, Zbynìk - In: Czech Journal of Economics and Finance (Finance a uver) 54 (2004) 7-8, pp. 335-354
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 …
Persistent link: https://www.econbiz.de/10008549675
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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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Learning Process and Transparency of Central Bank
Holinka, Tomáš - In: Politická ekonomie 2010 (2010) 4, pp. 458-470
agents are learning new information and adjust their expectation about the inflation and output gap. Central bank …
Persistent link: https://www.econbiz.de/10008564640