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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
deflation combined with low nominal interest rates. He was also focused on Japan and on an evaluation of its monetary policy of …
Persistent link: https://www.econbiz.de/10008495641
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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 … deflation have many asymmetric, and even some symmetric, effects. Both price phenomena are undesirable, but the consequences of …
Persistent link: https://www.econbiz.de/10008549675
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Definition and Evaluation of the Central Bank agresivity
Komárek, Luboš; Rozsypal, Filip - In: Politická ekonomie 2009 (2009) 3, pp. 383-404
as well as for countries in the eurozone, which has handed their monetary independency to ECB. …
Persistent link: https://www.econbiz.de/10005103173
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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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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
The article deals with the relationship of post-Keynesian economics to new consensus as a theoretical framework of inflation targeting. First, new consensus with its roots in Wicksell´s approach is briefly introduced. In the next parts differences and meeting-points of new consensus and...
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 … convergence process in EU countries. The fourth and final part summarizes the main experiences of EU/eurozone countries with …
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 … convergence process in EU countries. The fourth and final part summarizes the main experiences of EU/eurozone countries with …
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 …
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