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

Kód výsledku v IS VaVaI

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Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2014

Kód důvěrnosti údajů

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

Název statě ve sborníku

Social Science, Management and Human Behaviour (SMHB)

ISBN

978-1-63248-032-3

ISSN

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e-ISSN

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Počet stran výsledku

5

Strana od-do

34-38

Název nakladatele

Institut of Research Engineers and Doctors

Místo vydání

Zürich

Místo konání akce

Zürich

Datum konání akce

1. 1. 2014

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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