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Persistent link: https://www.econbiz.de/10011037684
We study whether clarity of central bank inflation reports affects return volatility in financial markets. We measure clarity of reports by the Czech National Bank, the European Central Bank, the Bank of England, and Sveriges Riksbank using the Flesch-Kincaid grade level, a standard readability...
Persistent link: https://www.econbiz.de/10011004565
Computed fundamental real exchange rates in four new EU members point to difficulties in jointly entering the ERM II soon after the EU entry. Three currencies out of the four were overvalued prior to EU entry. Computations suggest that it is unlikely that the Czech, Hungarian and Polish...
Persistent link: https://www.econbiz.de/10005036533
Purpose – The Maastricht inflation criterion has influenced the choice of disinflation strategies of prospective euro area member countries. Some historically high‐inflation countries chose the fiat disinflation strategy of “low inflation now, reforms later,” bringing inflation down...
Persistent link: https://www.econbiz.de/10014866818
The epidemic growth of insolvency in time prior to reformation and its inherence in transforming economies took an economist by surprise. The article is trying to formulate a general dynamics model of close economy. The results are compared with the development of the Czech economy in time prior...
Persistent link: https://www.econbiz.de/10008519430
Computed fundamental real exchange rates in four acceding countries point out to difficulties in entering the ERM II too soon after the EU entry. Computations suggest that it is unlikely for the Czech, Hungarian and Polish economies to maintain low inflation during 2004-2010, and at the same...
Persistent link: https://www.econbiz.de/10005698667
This study analyses the various macroeconomic opportunities and challenges created by the foreign direct investment (FDI) inflows in the new member states. This essay focuses on the various macroeconomic opportunities and challenges created by the foreign direct investment (FDI) inflows in the...
Persistent link: https://www.econbiz.de/10008459147
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