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. …

successful transition countries are turning away from the trend via the inflation differential and toward a stronger reliance on …

stabilizing Czech inflation during the two-years transition period before accession to the Euro-zone, when price convergence … inflation rate and stable exchange rate vis-à-vis euro) on the real growth of the Czech economy. In this respect, the paper …

inflation. The paper focuses on different methods of how to measure the long-term equilibrium exchange rate. After a brief …

Monthly and yearly inflation rates can be understood as rates of dynamics of the basic inflation indicator i.e. the … consumer price index. These indicators modify the original inflation information. It is important to analyze the difference of … the consumer price index, monthly and yearly inflation rates, from the viewpoint of their frequency content, time lag and …

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 …

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 …