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Bibliografie

Journal Article

Changes in Inflation Dynamics under Inflation Targeting? Evidence from Central European Countries

Baxa Jaromír, Plašil M., Vašíček B.

: Economic Research Bulletin vol.11, 1 (2013), p. 2-5

: Inflation Dynamics, Inflation Targeting?

: http://library.utia.cas.cz/separaty/2013/E/baxa-0395372.pdf

(eng): Understanding the nature of short-term inflation dynamics poses a major challenge for monetary policy. The traditional Phillips curve postulated that there is a stable trade-off between inflation and economic activity. Consequently, taming inflation was deemed to be costly in terms of output loss.

: AH