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 …

The article summarizes the main points discussed at the seminar on Monetary Policy during Very Low Inflation, held by … research into low inflation and its implication for the Czech economy. The presentation was largely based on material available …

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 …

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 …Monthly and yearly inflation rates can be understood as rates of dynamics of the basic inflation indicator i.e. the …

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. …