Number of the records: 1  

Inflation expectations in the Czech interbank market

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    SYSNO ASEP0024231
    Document TypeJ - Journal Article
    R&D Document TypeJournal Article
    Subsidiary JOstatní články
    TitleInflation expectations in the Czech interbank market
    TitleInflační očekávání na českém mezibankovním trhu
    Author(s) Fukač, Martin (NHU-N)
    Source TitleCERGE-EI Working Paper Series - ISSN 1211-3298
    -, č. 253 (2005), s. 1-30
    Number of pages30 s.
    Publication formwww - www
    Languageeng - English
    CountryCZ - Czech Republic
    Keywordsinflation expectations ; nominal interest rate ; Fisher rule
    Subject RIVAH - Economics
    CEZAV0Z70850503 - NHU-N (2005-2011)
    AnnotationMonthly data on the inflation expectations of financial analysts in the Czech Republic exhibit a tendency for permanent bias and ineffectiveness which violates the rational expectations hypothesis assumed in macroeconomic models. Using a methodology based on a simple Fisher rule, it is found that the difference between the surveyed and market expectations is not statistically significant.
    WorkplaceEconomics Institute
    ContactTomáš Pavela, pavela@cerge-ei.cz, Tel.: 224 005 122
    Year of Publishing2006
Number of the records: 1  

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