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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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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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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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Interakce měnové a fiskální politiky před krizí a po ní : aplikace modelu BVAR v podmínkách české ekonomiky
Řežábek, Pavel - 2019 - První vydání
Persistent link: https://www.econbiz.de/10012135700
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Monetární přístup k inflaci - střednědobý strukturální model v otevřené ekonomice (příklad České Republiky v letech 1996 - 2004)
Arlt, Josef; Kodera, Jan; Mandel, Martin; Tomšík, … - In: Politická ekonomie : teorie, modelování, aplikace 54 (2006) 3, pp. 326-338
Persistent link: https://www.econbiz.de/10003433807
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Monetary Policy and Price of Oil
Hošek, Jan; Komárek, Luboš; Motl, Martin - In: Politická ekonomie 2011 (2011) 1, pp. 22-46
The article discusses the relationship between monetary policy and price of oil, in broader sense price of commodities. Firstly it focuses on describing the relationship of key macroeconomic variables, gas prices and other commodities against oil prices. Subsequently, it discusses the existence...
Persistent link: https://www.econbiz.de/10008876462
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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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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
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Central bank Losses. An Economic and Accounting Perspective Using the Example of the Czech National Bank
Mandel, Martin; Zelenka, Vladimír - In: Politická ekonomie 2009 (2009) 6, pp. 723-739
The first question that we ask ourselves in our article is whether the accounting of the central bank is supposed to respect the principles of internationally accepted standards (especially the International Financial Reporting Standards). We are looking for the basic differences in...
Persistent link: https://www.econbiz.de/10008545880