Název: Economic research bulletin (2008, No.1)
Autoři: Česká národní banka
Typ dokumentu: Firemní tisk
ISSN: 1803-7089
Rok: 2006
Jazyk: eng
Abstrakt: The CNB has been targeting inflation for ten years now. We have decided to take this opportunity to present recent CNB research related to the inflation targeting strategy. The first two articles contribute to the discussion about how the inflation targeting strategy should be evaluated. They both point out that it is not enough simply to count how many times inflation was on target. One alternative way of measuring the success of the strategy is suggested in the first article. Partial simulations with the forecast model can help us understand the reasons for deviations of inflation from the target. Another alternative is proposed in the second article, which emphasises that success is conditional on transparent and consistent communication of inflation factors. The next two articles focus on one of the most prominent features of the inflation process – persistence – and its implications for the inflation targeting strategy. They both find that inflation persistence may be lower in the Czech case than one might expect. The third article – based on microeconomic data – provides evidence that inflation persistence has declined during the ten years of inflation targeting. The fourth article – based on macroeconomic data – estimates the level of the inflation target perceived by the public and illustrates that the strategy has gained credibility and has managed to stabilise perceived inflation at low levels.
Klíčová slova: analýza časové řady; ekonomický výzkum; Evropská unie; inflace; Czech national bank; economic research; European union; European Union; inflation; time series analysis
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-124084


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