The impact of exchange rate changes on inflation in the V4
countries in the process of economic transition

D 2013

The impact of exchange rate changes on inflation in the V4 countries in the process of economic transition

ŽÍDEK, Libor a Daniel NĚMEC

Základní údaje

Originální název

The impact of exchange rate changes on inflation in the V4 countries in the process of economic transition

Autoři

ŽÍDEK, Libor (203 Česká republika, garant, domácí) a Daniel NĚMEC (203 Česká republika, domácí)

Vydání

Jihlava, Proceedings of the 31st International Conference Mathematical Methods in Economics 2013, od s. 1087-1092, 6 s. 2013

Nakladatel

College of Polytechnics Jihlava

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50200 5.2 Economics and Business

Stát vydavatele

Česká republika

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

paměťový nosič (CD, DVD, flash disk)

Odkazy

MME 2013 Proceedings

Kód RIV

RIV/00216224:14560/13:00069296

Organizační jednotka

Ekonomicko-správní fakulta

ISBN

978-80-87035-76-4

UT WoS

000335578000184

Klíčová slova anglicky

V4 countries; exchange rate pass-through; structural vector autoregression model; economic transition; inflation

Příznaky

Mezinárodní význam, Recenzováno

Změněno: 8. 4. 2015 15:34, Mgr. Daniela Marcollová

Anotace

V originále

Our contribution focuses on the role of the exchange rate changes in the V4 countries during the transition process towards a market economy. Regarding the variety of exchange rate regimes implemented in the V4 countries at the start of the economic transition, we are especially interested in the degree of exchange rate pass-through to the domestic inflation in these countries. The respective countries followed different exchange rate strategies. The fixed exchange rate regime was applied in Czechoslovakia. Crawling peg was used in Hungary and Poland. And floating and fixed exchange rate with large band were applied in the new century. We have compared the impacts of the different exchange rate regimes on the price sta-bility during the transformation process. The effects were examined using country specific SVAR models and corresponding historical shock decompositions. We found out that the exchange rate indeed played important role in the price stability but the specific impact is highly individual.

Návaznosti

MUNI/A/0799/2012, interní kód MU

Název: Hospodářská politika v ČR

Investor: Masarykova univerzita, Hospodářská politika v ČR, DO R. 2020_Kategorie A - Specifický výzkum - Studentské výzkumné projekty

Přiložené soubory

MME_NEMEC_ZIDEK_PO_UPRAVACH.docx

Vyhledat podobné dokumenty

Citovat

ŽÍDEK, Libor a Daniel NĚMEC. The impact of exchange rate changes on inflation in the V4 countries in the process of economic transition. In Hana Vojáčková. Proceedings of the 31st International Conference Mathematical Methods in Economics 2013. Jihlava: College of Polytechnics Jihlava, 2013, s. 1087-1092. ISBN 978-80-87035-76-4.

@inproceedings{1122509,
   author = {Žídek, Libor and Němec, Daniel},
   address = {Jihlava},
   booktitle = {Proceedings of the 31st International Conference Mathematical Methods in Economics 2013},
   editor = {Hana Vojáčková},
   keywords = {V4 countries; exchange rate pass-through; structural vector autoregression model; economic transition; inflation},
   howpublished = {paměťový nosič},
   language = {eng},
   location = {Jihlava},
   isbn = {978-80-87035-76-4},
   pages = {1087-1092},
   publisher = {College of Polytechnics Jihlava},
   title = {The impact of exchange rate changes on inflation in the V4 countries in the process of economic transition},
   url = {https://www.vspj.cz/soubory/download/id/2259},
   year = {2013}
}

TY  - JOUR
ID  - 1122509
AU  - Žídek, Libor - Němec, Daniel
PY  - 2013
TI  - The impact of exchange rate changes on inflation in the V4 countries in the process of economic transition
PB  - College of Polytechnics Jihlava
CY  - Jihlava
SN  - 9788087035764
KW  - V4 countries
KW  - exchange rate pass-through
KW  - structural vector autoregression model
KW  - economic transition
KW  - inflation
UR  - https://www.vspj.cz/soubory/download/id/2259
L2  - https://www.vspj.cz/soubory/download/id/2259
N2  - Our contribution focuses on the role of the exchange rate changes in the V4 countries during the transition process towards a market economy. Regarding the variety of exchange rate regimes implemented in the V4 countries at the start of the economic transition, we are especially interested in the degree of exchange rate pass-through to the domestic inflation in these countries. The respective countries followed different exchange rate strategies. The fixed exchange rate regime was applied in Czechoslovakia. Crawling peg was used in Hungary and Poland. And floating and fixed exchange rate with large band were applied in the new century. We have compared the impacts of the different exchange rate regimes on the price sta-bility during the transformation process. The effects were examined using country specific SVAR models and corresponding historical shock decompositions. We found out that the exchange rate indeed played important role in the price stability but the specific impact is highly individual.
ER  -

ŽÍDEK, Libor a Daniel NĚMEC. The impact of exchange rate changes on inflation in the V4 countries in the process of economic transition. In Hana Vojáčková. \textit{Proceedings of the 31st International Conference Mathematical Methods in Economics 2013}. Jihlava: College of Polytechnics Jihlava, 2013, s.~1087-1092. ISBN~978-80-87035-76-4.

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