Inflation Dynamics in New EU Member States: The Czech Case

Antonin Rusek

International Advances in Economic Research, 2008, vol. 14, issue 2, 204 pages

Abstract: The reduction of inflation to an average EU level is the necessary precondition for any new EU member state to join the Euro area. Inflation in the Czech Republic is analyzed by using both monetarist P-star and the hybrid New Keynesian Phillips curve models. It appears that in the Czech case the P-star model is a somewhat better description of the Czech inflationary process. Copyright International Atlantic Economic Society 2008

Keywords: Inflation; NEW EU member state; Czech Republic; P-star model; Hybrid New Keynesian Phillips Curve Model; E40; O50 (search for similar items in EconPapers)
Date: 2008
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DOI: 10.1007/s11294-008-9145-z

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