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Changes in inflation dynamics under inflation targeting? : evidence from Central European countries

Baxa, Jaromír; Plašil, Miroslav; Vašíček, Bořek - In: Economic modelling 44 (2015), pp. 116-130

Persistent link: https://www.econbiz.de/10011326274

Changes in Inflation Dynamics under Inflation Targeting? Evidence from Central European Countries

Baxa, Jaromir; Plasil, Miroslav; Vasicek, Borek - Česká Národní Banka - 2012

The purpose of this paper is to provide a novel look at the evolution of inflation dynamics in selected Central European (CE) countries. We use the lens of the New Keynesian Phillips Curve (NKPC) nested within a time-varying framework. Exploiting a time-varying regression model with stochastic...

Persistent link: https://www.econbiz.de/10010562182

Inflation dynamics and the new Keynesian Phillips Curve in four Central European countries

Vašíček, Bořek - In: Emerging markets finance & trade : a journal of the … 47 (2011) 5, pp. 71-100

Persistent link: https://www.econbiz.de/10009503050

Inflation Dynamics and the New Keynesian Phillips Curve in Four Central European Countries

Vašícek, Borek - In: Emerging Markets Finance and Trade 47 (2011) 5, pp. 71-100

This paper seeks to shed light on the inflation dynamics of four new central European EU members: the Czech Republic, Hungary, Poland, and Slovakia. To this end, the New Keynesian Phillips curve augmented for open economies is estimated and additional statistical tests applied, with the...

Persistent link: https://www.econbiz.de/10010612762