Price Convergence to the Euro Area and Preparedness of the Czech Republic for the Adoption of the Euro

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26138077%3A_____%2F14%3A%230000545" target="_blank" >RIV/26138077:_____/14:#0000545 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Price Convergence to the Euro Area and Preparedness of the Czech Republic for the Adoption of the Euro
Original language description
A monetary union accession is preconditioned by sufficient real convergence of an acceding country to existing member countries of such monetary union. By default, the price level convergence criterion is described as a deviation of an acceding country?sprice level from the average price level of the euro area. The Czech price level is lower by 31.3% (2013). We believe this formulation of price convergence is not suitable. Weighted deviation of the Czech price level from the price levels of its main business partners is more cogent. According to the aforementioned new indicator, the Czech price level is only down by 24.5%. The paper also examines the correlation between the actual inflation and the perceived inflation in the euro area and in the CzechRepublic, coming to a conclusion about expected significant increase in the perceived inflation after the euro introduction.
Czech name
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Czech description
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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Social Science, Management and Human Behaviour (SMHB)
ISBN
978-1-63248-032-3
ISSN
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e-ISSN
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Number of pages
5
Pages from-to
34-38
Publisher name
Institut of Research Engineers and Doctors
Place of publication
Zürich
Event location
Zürich
Event date
Jan 1, 2014
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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