Svensson, Bernanke and Inflation Targeting in Central Europe
Thesis title: | SVENSSON, BERNANKE A CÍLOVÁNÍ INFLACE VE STŘEDNÍ EVROPĚ |
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Author: | Maršál, Aleš |
Thesis type: | Diplomová práce |
Supervisor: | Czesaný, Slavoj |
Opponents: | Potužák, Pavel |
Thesis language: | Česky |
Abstract: | This paper focuses on controversial issues of inflation targeting. The study is based on Svensson?s and Bernanke?s theory which is applied in case studies of Czech Republic, Poland and Hungary. Understanding of actual performing of inflation targeting allows us to interpret correctly econometric and statistics analysis. The object of the thesis is to decide if the central European countries should rather follow Bernanke?s or Svensson?s theoretical conclusions. Brief summary of historical development explains reasons for implementing of inflation targeting. Next, Bernanke?s and Svensson?s definition of inflation targeting is mentioned and the differences are further analyzed. In particular, the choice of price index, understanding of price stability, lags of monetary transmission mechanism, the choice between band and point target. The last part of the thesis deals with intermediate target examining the performance of central bank and market forecast. |
Keywords: | - |
Thesis title: | Svensson, Bernanke and Inflation Targeting in Central Europe |
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Author: | Maršál, Aleš |
Thesis type: | Diploma thesis |
Supervisor: | Czesaný, Slavoj |
Opponents: | Potužák, Pavel |
Thesis language: | Česky |
Abstract: | |
Keywords: | - |
Information about study
Study programme: | Hospodářská politika a správa/Národní hospodářství |
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Type of study programme: | Magisterský studijní program |
Assigned degree: | Ing. |
Institutions assigning academic degree: | Vysoká škola ekonomická v Praze |
Faculty: | Faculty of Economics |
Department: | Department of Economic and Social Policy |
Information on submission and defense
Date of assignment: | 13. 5. 2008 |
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Date of submission: | 13. 5. 2008 |
Date of defense: | 3. 6. 2008 |
Identifier in the InSIS system: | https://insis.vse.cz/zp/9042/podrobnosti |