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@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 and 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, p.~1087-1092. ISBN~978-80-87035-76-4.
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