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Czech Republic; Selected Issues

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  • International Monetary Fund

Abstract

This Selected Issues paper analyzes current developments and outlook for inflation in the Czech Republic. Inflation in the Czech Republic has fallen substantially since peaking in the double digits in 1998. The crisis-led depreciation of the koruna in mid-1997 pushed year-over-year inflation to more than 13 percent. The paper presents the IMF staff analysis that shows that without interest rate increases, inflation is likely to begin to rise above the midpoint of the Czech National Bank’s target in mid-2005. The paper also analyzes the Czech labor market in a cross-country perspective.

Suggested Citation

  • International Monetary Fund, 2004. "Czech Republic; Selected Issues," IMF Staff Country Reports 04/265, International Monetary Fund.
  • Handle: RePEc:imf:imfscr:04/265
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    References listed on IDEAS

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    1. Sorm, Vit & Terrell, Katherine, 2000. "Sectoral Restructuring and Labor Mobility: A Comparative Look at the Czech Republic," Journal of Comparative Economics, Elsevier, vol. 28(3), pages 431-455, September.
    2. Boeri, Tito & Burda, Michael C., 1996. "Active labor market policies, job matching and the Czech miracle," European Economic Review, Elsevier, vol. 40(3-5), pages 805-817, April.
    3. Stepan Jurajda & Katherine Terrell, 2001. "What Drives the Speed of Job Reallocation during Episodes of Massive Adjustment?," CERGE-EI Working Papers wp170, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    4. Marin, Dalia, 2004. "'A Nation of Poets and Thinkers' - Less So with Eastern Enlargement? Austria and Germany," Discussion Papers in Economics 329, University of Munich, Department of Economics.
    5. Marin, Dalia, 2004. "‘A Nation of Poets and Thinkers’ - Less So with Eastern Enlargement? Austria and Germany," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 77, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    6. Andrew Newell & Francesco Pastore, 2006. "Regional Unemployment and Industrial Restructuring in Poland," Eastern European Economics, Taylor & Francis Journals, vol. 44(3), pages 5-28, May.
    7. Vladislav Flek & Kamil Galuscak & Jaromir Gottvald & Jaromir Hurnik & Stepan Jurajda & David Navratil & Petr Mares & Daniel Munich & Tomas Sirovatka & Jiri Vecernik, 2004. "Anatomy of the Czech Labour Market:From Over-Employment to Under-Employment in Ten Years?," Working Papers 2004/07, Czech National Bank.
    8. Katherine Terrell & Michaela Erbenova & Vit Sorm, 1998. "Work incentive and other effects of social assistance and unemployment benefit policy in the Czech Republic," Empirical Economics, Springer, vol. 23(1/2), pages 87-120.
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