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 |
