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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
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
This paper begins with a description of simple select models of inflation and their ability to fit the data. The paper … assign the best-forecast performance to the modified version of the P-star model of inflation for a small, open economy. …
Persistent link: https://www.econbiz.de/10008540713
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
The Czech Economic Association, in co-operation with the Czech National Bank, organised a public seminar on ?The State of the Phillips Curve,? which featured a lecture by Professor Laurence Ball, in Prague in April 2001. Professor Ball, a professor of economics at John Hopkins University, began...
Persistent link: https://www.econbiz.de/10008495640
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 …
Persistent link: https://www.econbiz.de/10005103170
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 …
Persistent link: https://www.econbiz.de/10005036580
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 …
Persistent link: https://www.econbiz.de/10005036648
Czech Abstract: Tato studie zkoumá umění tvorby módních hesel (buzzword) a jejich použití v koncepcích inteligentních měst (smart city) a obecně i ve společenských vědách. Analýza se zaměřuje na důležitost vytváření hesel, jejich prospěšného a nevhodného použití v...
Persistent link: https://www.econbiz.de/10012863114
The article is engaged in the improvement of quarterly information on the gross domestic product by type of expenditures from the first expectations to final data. It concludes that the first estimate of GDP is under-estimated. This underestimation is caused by underestimation of the final...
Persistent link: https://www.econbiz.de/10005036589