Inflation persistence and its role for efficient monetary policy has been given a lot of attention in empirical literature. The main contribution has been made by the Inflation Persistence Network, seeking to assess the level of persistence in the euro zone countries, the influence of the...

Foreign direct investment (FDI) and foreign portfolio investment (FPI) have been long considered as distinct and independent forms of international capital flows, but in the globalized world there are reasons to treat them as interconnected phenomena. This paper analyzes the mutual relationship...

It is commonly known that various econometric techniques fail to consistently outperform a simple random walk model in forecasting exchange rates. The aim of this study is to analyse whether this also holds for selected currencies of the CEE region as the literature relating to the ability of...