Czech Republic: Selected Issues

International Monetary Fund

No 1998/036, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper examines recent developments in inflation and its key determinants in the Czech Republic, with particular focus on the role of wages. A simple analytical framework is presented that relates inflation to wages, import prices, and money, and the interaction of inflation with these variables is then examined empirically in the context of a vector autoregression model. The findings confirm the critical influence of wages, exchange rate changes, and money growth. The paper also analyzes developments in the public finance.

Keywords: ISCR; CR; price; interest rate; economic activity; import price; koruna depreciation; debt service; percent of GDP; private sector; current account deficit; CNB bill; Inflation; Credit; Personal income tax; Southeast Asia; Central and Eastern Europe; Western Europe; Eastern Europe; Europe (search for similar items in EconPapers)
Pages: 158
Date: 1998-05-22
References: Add references at CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=2615 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:1998/036

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().