Work detail

Why is Inflation not Decreasing in the Czech Republic?

Author: Bc. Martin Sommer
Year: 1995 - summer
Leaders:
Consultants:
Work type: Bachelors
Language: Czech
Pages: 22
Awards and prizes: Karel Engliš Award
Link:
Abstract: Why is inflation not decreasing in the Czech Republic?
The paper presents a political-economy analysis of the Czech monetary
policy in the mid-1990s. At the beginning of transition, the
policymakers achieved substantial credibility as a result of their
prudent anti-inflation policies. The high degree of credibility then
temporarily created an opportunity for a deliberate choice between
output and inflation. The outcome was a surprisingly high inflation of
around 10 percent and a brief surge in output.
Downloadable: Bachelors Thesis - Sommer
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