The policy of inflation targeting

This bachelor paper deals with theoretical aspects of inflation targeting and with estimating of executing this policy in conditions of our economy. I mention important conclusions of economists, like Ben Bernanke and his conception of inflation targeting like a framework for constrained discretion, than strict rule, in the first part. Than, in the second part, I focuse on detailed analysis of periods, when specific target was not achieved. I notice both my own conclusions, and reasons, which Czech national bank found in her Inflation reports. The analysis is replenished with wide prism of graphs, which are either assumed from Inflation reports or created on the basis of data provided by Czech national bank or Czech statistic office. Graphs created on my own are condensed in supplement at the end of my paper.