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National Repository of Grey Literature 1 records found  Search took 0.01 seconds. 
Evaluating the Czech inflation targeting regime as a framework for monetary policy and maintaining price level stability between years 1998 and 2014
 Kratěna, Tomáš ; Šimíček, Petr (advisor) ; Štěpánek, Pavel (referee)
After the colapse of pegged currency rate policy, which was excersised by the Czech national bank in period between 1993 and 1997, a demand for a new framework of monetary policy for Czech Republic arised. This demand was satisfied by inflation targeting regime, which CNB, as a first central bank in the former socialist region, started to exercise on january 1st 1998. This step started a discussion about suitability of this policy for small opened and transitive economy. The aim of this thesis is to evaluate how succesfull inflation targeting as a framework of monetary policy for price level stability was. The main research method is comparison between inflation target and actual inflation rate measured on CPI by CZSO in the time horizon between years 1998 and 2014.
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