Czech Republic: Selected Issues

International Monetary Fund

No 2004/265, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper analyzes current developments and outlook for inflation in the Czech Republic. Inflation in the Czech Republic has fallen substantially since peaking in the double digits in 1998. The crisis-led depreciation of the koruna in mid-1997 pushed year-over-year inflation to more than 13 percent. The paper presents the IMF staff analysis that shows that without interest rate increases, inflation is likely to begin to rise above the midpoint of the Czech National Bank’s target in mid-2005. The paper also analyzes the Czech labor market in a cross-country perspective.

Keywords: ISCR; CR; headline inflation; inflation equation; net inflation; D. inflation projection; one-off inflation factor; inflation model; year-on-year inflation; Labor markets; Unemployment; Inflation; Employment; Wages; Western Europe; Southern Europe (search for similar items in EconPapers)
Pages: 33
Date: 2004-08-17
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