FACTORS INFLUENCING INFLATION IN THE CZECH REPUBLIC

Kód výsledku v 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>

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

FACTORS INFLUENCING INFLATION IN THE CZECH REPUBLIC

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

FACTORS INFLUENCING INFLATION IN THE CZECH REPUBLIC

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50200 - Economics and Business

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2021

Kód důvěrnosti údajů

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

Název statě ve sborníku

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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Počet stran výsledku

11

Strana od-do

809-819

Název nakladatele

Univerzita Tomáše Bati ve Zlíně

Místo vydání

Zlín

Místo konání akce

Zlín

Datum konání akce

6. 11. 2019

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000692876300078