Czech Currency and Monetary Policy in 2000
Authors registered in the RePEc Author Service: Miroslav Hrnčíř
Czech Journal of Economics and Finance (Finance a uver), 2001, vol. 51, issue 2, 66-80
Monetary policy in the Czech Republic in the year 2000 in the broader framework of macroeconomic development is the topic of this article. The central bank's experience with inflation targeting, and the implementation of the inflation target in 2000 are assessed. The resumption of GDP growth and higher imported fuels costs in 2000 dominated macroeconomic developments in the country. This accentuated the uncertainties for national monetary policy, namely in the course of identifying supply-side changes and identifying the gap between potential and actual product. Arguments as to why the principal instrument of monetary policy, the repo rate, was parked at a stable level throughout 2000 are presented. For 2001, the available indicators seem to signal the likely continuation of the above-mentioned trends from 2000, which, consequently, provide a precondition for maintaining a stable monetary policy setting. The key challenges for balanced development in the medium term are: the ratio between wages and productivity, and trends in public finance.
Keywords: Czech Republic; inflation (search for similar items in EconPapers)
JEL-codes: E4 E5 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:fau:fauart:v:51:y:2001:i:2:p:66-80
Access Statistics for this article
More articles in Czech Journal of Economics and Finance (Finance a uver) from Charles University Prague, Faculty of Social Sciences Contact information at EDIRC.
Bibliographic data for series maintained by Lenka Herrmannova ().