Inflation Targeting as a Stabilisation Tool: Its Design and Performance in the Czech Republic

@inproceedings{Kotln2003InflationTA,
  title={Inflation Targeting as a Stabilisation Tool: Its Design and Performance in the Czech Republic},
  author={Viktor Kotl{\'a}n and David L. Navratil},
  year={2003}
}
The article focuses on the development and performance of the Inflation Targeting regime in the Czech Republic. It is shown that the regime design evolved throughout time from a rather specific setting towards a framework based on international best practices. The performance of IT is evaluated using three different methods. The results suggest that even though the inflation targets have been missed more often than met, the Inflation Targeting framework significantly contributed to the… CONTINUE READING

Similar Papers

Figures, Tables, and Topics from this paper.

Citations

Publications citing this paper.

References

Publications referenced by this paper.
SHOWING 1-10 OF 32 REFERENCES

Zákon o âNB, inflaãní cíl a ekonomická teorie. (The Act on the CNB, Inflation Target and Economic Theory)

V. KOTLÁN
  • Bankovnictví,
  • 2001
VIEW 4 EXCERPTS
HIGHLY INFLUENTIAL

Does Inflation Targeting Matter ? Paper prepared for NBER Conference on Inflation Targeting , NBER , Bal Harbour , January 2003

L. – SHERIDAN BALL, N.
  • 2003

Does Inflation Targeting Matter? Paper prepared for NBER Conference on Inflation Targeting, NBER

BALL, N. L. – SHERIDAN
  • 2003
VIEW 1 EXCERPT

Historical Perspective on the Development of the Forecasting and Policy Analysis System

âAPEK, A. – HLÉDIK, T. – KOTLÁN, V. – POLÁK, D. S. – VÁVRA
  • The Czech National Bank’s Forecasting and Policy Analysis System. Prague, Czech National Bank,
  • 2003

Inflation Targeting and the International Financial System: Challenges and Opportunities

E. M. TRUMAN
  • Mimeo – book draft
  • 2003
VIEW 1 EXCERPT

Systematická a nesystematická sloÏka mûnové politiky âNB v reÏimu cílování inflace. (Systematic and Unsystematic Part of the CNB’s Monetary Policy in Inflation Targeting)

âERVENKA, D. M. – NAVRÁTIL
  • 2003
VIEW 1 EXCERPT