Inflation Expectations in Czechia: Measurement and Determinants
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F24%3A10253262" target="_blank" >RIV/61989100:27510/24:10253262 - isvavai.cz</a>
Result on the web
<a href="https://www.emerald.com/insight/content/doi/10.1108/978-1-83753-840-920241010/full/html" target="_blank" >https://www.emerald.com/insight/content/doi/10.1108/978-1-83753-840-920241010/full/html</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1108/978-1-83753-840-920241010" target="_blank" >10.1108/978-1-83753-840-920241010</a>
Alternative languages
Result language
angličtina
Original language name
Inflation Expectations in Czechia: Measurement and Determinants
Original language description
Inflation expectations are an important part of the transmission mechanism of the inflation targeting regime. As such, central bankers must study the inflation expectations of economic agents to anchor them close to the level of the inflation target. However, economic agents are affected by the past and current macroeconomic situation hen they form their expectations concerning future inflation. Using survey data on inflation expectations in Czechia, we investigate the macroeconomic determinants of Czech analysts' and managers' inflation expectations. We find that both actual and past inflation have a substantial impact on inflation expectations of the agents surveyed. We also identify backward-looking behaviour among these agents: persistence in inflation expectations of up to two quarters was detected. Moreover, financial market analysts formed inflation expectations more in line with economic theory, while company managers evinced expectations similar to those of consumers.
Czech name
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Czech description
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Classification
Type
C - Chapter in a specialist book
CEP classification
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OECD FORD branch
50200 - Economics and Business
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2024
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Book/collection name
Modeling Economic Growth in Contemporary Czechia (Entrepreneurship and Global Economic Growth))
ISBN
978-1-83753-840-9
Number of pages of the result
18
Pages from-to
153-169
Number of pages of the book
317
Publisher name
Emerald Publishing Limited
Place of publication
Leeds
UT code for WoS chapter
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