Prague Economic Papers 1996, 5(4) | DOI: 10.18267/j.pep.112

Inflation in the czech republic in the mid-nineties (a comparison of alternative explanations)

Martin Čihák, Kamil Janáček

The aim of the present study is, firstly, to organize existing theoretical approaches to the explanation of inflation in the Czech Republic. Secondly to investigate to what extent the rate of inflation in the Czech Republic was determined by the growth of the money stock and to what extent by the development of wages and productivity of labor. Chapter 1 gives a general description of inflation in the Czech Republic. Chapter 2 offers a list of its existing theoretical explanations. Chapter 3 contains a brief summary of the previous empirical research. Chapters 4, 5 and 6 contain our empirical model, its interpretation, and recommendations for economic policy and for further research.

Zveřejněno: 1. leden 1996  Zobrazit citaci

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Čihák, M., & Janáček, K. (1996). Inflation in the czech republic in the mid-nineties (a comparison of alternative explanations). Prague Economic Papers, 5(4), . doi: 10.18267/j.pep.112
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