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

Viktor Kotlán () and David Navratil ()

Macroeconomics from EconWPA

Abstract: 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 stabilisation of the Czech economy.

Keywords: Inflation; Targeting; Measuring; performance; of; monetary; policy (search for similar items in EconPapers)
JEL-codes: E50 E52 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-mac and nep-mon
Date: 2003-10-07
Note: Type of Document - Acrobat PDF; prepared on IBM PC; to print on A4; pages: 21 ; figures: included
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Persistent link: http://EconPapers.repec.org/RePEc:wpa:wuwpma:0310006

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