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Rizika a výzvy měnové strategie k převzetí eura / Risks and Challenges of Monetary Strategy for Euro Adoption [available in Czech only]
Dědek, Oldřich - Institut ekonomických studií, Univerzita Karlova v Praze - 2005
currency. The assessment of the inflation criterion concentrates on the potential clash with so called real convergence showing … applying for the ERM-II membership. Finally, the pros and cons of inflation targeting are discussed from the perspective of … promoting the fulfilment of Maastricht requirements. Attention is paid to the issue of optimal exit form inflation targeting …
Persistent link: https://www.econbiz.de/10005808673
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Risks and challenges of monetary strategy for euro adoption
Dědek, Oldřich - In: Politická ekonomie 2006 (2006) 1, pp. 3-21
currency. The assessment of the inflation criterion concentrates on the potential clash with so called real convergence showing … applying for the ERM-II membership. Finally, the pros and cons of inflation targeting are discussed from the perspective of … promoting the fulfilment of Maastricht requirements. Attention is paid to the issue of optimal exit form inflation targeting …
Persistent link: https://www.econbiz.de/10005036586
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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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A Comparison of New Consensus as a Theoretical Framework of Inflation Targeting with Post-Keynesian Economics
Korda, Jan - In: Politická ekonomie 2010 (2010) 1, pp. 92-104
inflation targeting. First, new consensus with its roots in Wicksell´s approach is briefly introduced. In the next parts … differences are found (goals of monetary policy, interest rate functions, nature of inflation, shape of Phillips curve and others …
Persistent link: https://www.econbiz.de/10008602649
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Theory of money of Josef Macek and his monetary policy view
Sojka, Milan - In: Politická ekonomie 2006 (2006) 3
During 1930s and 1940s Josef Macek developed monetary theory leading to monetary policy recommendations which are deeply influenced by macroeconomic theory of John Maynard Keynes. Macek became leading Czech left-wing keynesian. His theory of money was nominalist and similarly to J. M. Keynes and...
Persistent link: https://www.econbiz.de/10005036614
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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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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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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