FACTORS INFLUENCING INFLATION IN THE CZECH REPUBLIC

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F21%3A10248708" target="_blank" >RIV/61989100:27510/21:10248708 - isvavai.cz</a>

Result on the web

<a href="https://digilib.k.utb.cz/handle/10563/45972" target="_blank" >https://digilib.k.utb.cz/handle/10563/45972</a>

DOI - Digital Object Identifier

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Result language

angličtina

Original language name

FACTORS INFLUENCING INFLATION IN THE CZECH REPUBLIC

Original language description

Inflation has become an increasingly important economic subject and an important focus for central banks both in the Eurozone under the watchful eye of the European Central Bank. Central bankers outside the Eurozone enjoy a more national currency centric level of focus and independence. For the Czech Republic the main aim of the central bank is to take care of price stability. Primary for this reason is necessary to understand which factors influence inflation rate, the most. In a compact yet open economy such as Czech Republic, inflation can be caused by many factors. These factors either caused by economically or influenced by external factors apart from economy. The Czech economy is porous with significant niche dynamics, thus externalities factor in the inflation dynamics. The aim of the paper is to analyse main inflation determinants of the Czech economy and to determine the magnitude of their influence through regression analysis. The analysis parameter captures between 2001 to 2017 on monthly data. Regression analysis with OLS estimator is used. By evaluating the data, this discovery reveals that factors such as real effective exchange rate, monetary aggregate M2, import prices and inflation rate in Germany influence inflation in the Czech Republic to a great extent. These results clearly correspond with economic theory. This research is based on an extended data capture frame and exclusively with data for the Czech Republic. Basically variables which are in line with the basic economic theory are used in this model. This research can serve as a basic theoretical frame for further detailed research.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50200 - Economics and Business

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2021

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

DOKBAT : 15th Annual International Bata Conference for Ph.D. Students and Young Researchers : conference proceedings

ISBN

978-80-7454-893-2

ISSN

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e-ISSN

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Number of pages

11

Pages from-to

809-819

Publisher name

Univerzita Tomáše Bati ve Zlíně

Place of publication

Zlín

Event location

Zlín

Event date

Nov 6, 2019

Type of event by nationality

WRD - Celosvětová akce

UT code for WoS article

000692876300078