IMF Staff Country Reports

Czech Republic: Selected Issues

May 22, 1998

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Czech Republic: Selected Issues, (USA: International Monetary Fund, 1998) accessed December 14, 2024

Summary

This Selected Issues paper examines recent developments in inflation and its key determinants in the Czech Republic, with particular focus on the role of wages. A simple analytical framework is presented that relates inflation to wages, import prices, and money, and the interaction of inflation with these variables is then examined empirically in the context of a vector autoregression model. The findings confirm the critical influence of wages, exchange rate changes, and money growth. The paper also analyzes developments in the public finance.

Subject: Banking, Credit, External debt, Inflation, Money, Personal income tax, Prices, Revenue administration, Taxes

Keywords: Central and Eastern Europe, CNB bill, CR, Credit, Current account deficit, Debt service, Eastern Europe, Economic activity, Europe, Import price, Inflation, Interest rate, ISCR, Koruna depreciation, Percent of GDP, Personal income tax, Price, Private sector, Southeast Asia, Western Europe

Publication Details

  • Pages:

    158

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 1998/036

  • Stock No:

    1CZEEA0011998

  • ISBN:

    9781451810011

  • ISSN:

    1934-7685