Název: Economic research bulletin (2009, No.1)
Autoři: Česká národní banka
Typ dokumentu: Firemní tisk
ISSN: 1803-7089
Rok: 2009
Jazyk: eng
Abstrakt: This issue tries to figure out which deviation factors were important in the Czech case. The presented articles propose several potential suspects: a series of shocks, the forecasting system and the decision-making system. The articles then suggest which methodologies could be used to decipher the deviation puzzle and provide empirical results for the Czech case. These results suggest that deviations of inflation from the target in the past decade cannot be explained by a single factor in the Czech case, and that the role of each factor changed over time. Anti-inflationary shocks are the most frequently identified source of the deviations. In the initial stage of inflation targeting, the forecasting system and the decision-making process also contributed. The analysis of factors contributing to deviations of inflation from the target provides useful lessons for improving the inflation targeting strategy. For example, a less rigid forecasting system seems to be more beneficial than a forecasting system that is changed only very rarely.
Klíčová slova: centrální banka cedulová; ekonomická rovnováha; ekonomický výzkum; inflace; central bank of issue; central banks; Czech national bank; economic balance; economic research; inflation
Práva: Dílo je chráněno podle autorského zákona č. 121/2000 Sb.

Instituce: Česká národní banka (web)
Externí umístění souboru: http://www.cnb.cz/en/research/research_publications/erb/index.html

Trvalý odkaz NUŠL: http://www.nusl.cz/ntk/nusl-124086


Záznam je zařazen do těchto sbírek:
Ostatní > Česká národní banka
Firemní literatura > Firemní tisk