This paper investigates basic characteristics of inflation targeting in the Czech Republic. The first part of the paper starts by briefly indicating some general macroeconomic conditions of inflation targeting in the Czech Republic, including the identification of the main shocks, which affected them. In addition, the extent of non-fulfilment of the inflation target in the Czech Republic is compared to the experience of several inflation targeting foreign countries. A comparison of the inflation target fulfilment in various phases of inflation targeting reveals a changing success rate in the fulfilment of the target in time. While deviations of inflation from the targets were very high in international comparison in the early phase of inflation targeting, the Czech National Bank has lately come closer to the characteristics of relatively more successful inflation targeters.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.
Publisher Info
Download reference. The following formats are available: HTML
(with abstract),
plain text
(with abstract),
BibTeX,
RIS (EndNote, RefMan, ProCite),
ReDIF This chapter was published in: Katerina Smidkova (ed.) Evaluation of the Fulfilment of the CNB's Inflation Targets 1998-2007, , chapter 2, pages 18-34, 2008.
Find related papers by JEL classification: E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.: