IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Czech Currency and Monetary Policy in 2000

Listed author(s):
  • Miroslav Hrnèíø

Monetary policy in the Czech Republic in the year 2000 in the broader framework of macroeconomic development is the topic of this article. The central bank's experience with inflation targeting, and the implementation of the inflation target in 2000 are assessed. The resumption of GDP growth and higher imported fuels costs in 2000 dominated macroeconomic developments in the country. This accentuated the uncertainties for national monetary policy, namely in the course of identifying supply-side changes and identifying the gap between potential and actual product. Arguments as to why the principal instrument of monetary policy, the repo rate, was parked at a stable level throughout 2000 are presented. For 2001, the available indicators seem to signal the likely continuation of the above-mentioned trends from 2000, which, consequently, provide a precondition for maintaining a stable monetary policy setting. The key challenges for balanced development in the medium term are: the ratio between wages and productivity, and trends in public finance.

If you experience problems downloading a file, check if you have the proper application to view it first. 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.

File URL:
Download Restriction: no

Article provided by Charles University Prague, Faculty of Social Sciences in its journal Finance a uver - Czech Journal of Economics and Finance.

Volume (Year): 51 (2001)
Issue (Month): 2 (February)
Pages: 66-80

in new window

Handle: RePEc:fau:fauart:v:51:y:2001:i:2:p:66-80
Contact details of provider: Postal:
Opletalova 26, CZ-110 00 Prague

Phone: +420 2 222112330
Fax: +420 2 22112304
Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:fau:fauart:v:51:y:2001:i:2:p:66-80. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lenka Herrmannova)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.