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Inflation Dynamics in New EU Member States: The Czech Case

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  • Antonin Rusek

Abstract

The reduction of inflation to an average EU level is the necessary precondition for any new EU member state to join the Euro area. Inflation in the Czech Republic is analyzed by using both monetarist P-star and the hybrid New Keynesian Phillips curve models. It appears that in the Czech case the P-star model is a somewhat better description of the Czech inflationary process. Copyright International Atlantic Economic Society 2008

Suggested Citation

  • Antonin Rusek, 2008. "Inflation Dynamics in New EU Member States: The Czech Case," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 14(2), pages 191-204, May.
    • Handle: RePEc:kap:iaecre:v:14:y:2008:i:2:p:191-204:10.1007/s11294-008-9145-z
    DOI: 10.1007/s11294-008-9145-z
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    References listed on IDEAS

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    More about this item

    Keywords

    Inflation; NEW EU member state; Czech Republic; P-star model; Hybrid New Keynesian Phillips Curve Model; E40; O50;
    All these keywords.

    JEL classification:

    • E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
    • O50 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - General

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