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The values of comparative price levels vary greatly in individual EU countries and depend on many different economic factors. The EU countries were divided into two distinguishable groups. Both OLS and robust regressions were used to analyze the influence of the comparative price levels on...
Persistent link: https://www.econbiz.de/10008876464
currency and the development of domestic inflation). It is obvious that exchange rate policy is not a passive factor, at least … mean stability of the foreign exchange rates. Neither percentage exchange rate changes of fixed rates, nor their volatility … 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
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 …
Persistent link: https://www.econbiz.de/10008752950
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
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
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
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
Persistent link: https://www.econbiz.de/10003770961