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Statements

Subject Item
n2:RIV%2F26138077%3A_____%2F14%3A%230000545%21RIV15-MSM-26138077
rdf:type
skos:Concept n6:Vysledek
dcterms:description
A monetary union accession is preconditioned by sufficient real convergence of an acceding country to existing member countries of such monetary union. By default, the price level convergence criterion is described as a deviation of an acceding country’s price level from the average price level of the euro area. The Czech price level is lower by 31.3% (2013). We believe this formulation of price convergence is not suitable. Weighted deviation of the Czech price level from the price levels of its main business partners is more cogent. According to the aforementioned new indicator, the Czech price level is only down by 24.5%. The paper also examines the correlation between the actual inflation and the perceived inflation in the euro area and in the Czech Republic, coming to a conclusion about expected significant increase in the perceived inflation after the euro introduction. A monetary union accession is preconditioned by sufficient real convergence of an acceding country to existing member countries of such monetary union. By default, the price level convergence criterion is described as a deviation of an acceding country’s price level from the average price level of the euro area. The Czech price level is lower by 31.3% (2013). We believe this formulation of price convergence is not suitable. Weighted deviation of the Czech price level from the price levels of its main business partners is more cogent. According to the aforementioned new indicator, the Czech price level is only down by 24.5%. The paper also examines the correlation between the actual inflation and the perceived inflation in the euro area and in the Czech Republic, coming to a conclusion about expected significant increase in the perceived inflation after the euro introduction.
dcterms:title
Price Convergence to the Euro Area and Preparedness of the Czech Republic for the Adoption of the Euro Price Convergence to the Euro Area and Preparedness of the Czech Republic for the Adoption of the Euro
skos:prefLabel
Price Convergence to the Euro Area and Preparedness of the Czech Republic for the Adoption of the Euro Price Convergence to the Euro Area and Preparedness of the Czech Republic for the Adoption of the Euro
skos:notation
RIV/26138077:_____/14:#0000545!RIV15-MSM-26138077
n4:aktivita
n9:S
n4:aktivity
S
n4:dodaniDat
n14:2015
n4:domaciTvurceVysledku
n5:2888467 n5:2065517
n4:druhVysledku
n13:D
n4:duvernostUdaju
n18:S
n4:entitaPredkladatele
n17:predkladatel
n4:idSjednocenehoVysledku
39262
n4:idVysledku
RIV/26138077:_____/14:#0000545
n4:jazykVysledku
n12:eng
n4:klicovaSlova
Real convergence; Price convergence; Comparative price levels; Actual and perceived inflation
n4:klicoveSlovo
n11:Comparative%20price%20levels n11:Real%20convergence n11:Actual%20and%20perceived%20inflation n11:Price%20convergence
n4:kontrolniKodProRIV
[20D7F94C2F4E]
n4:mistoKonaniAkce
Zürich
n4:mistoVydani
Zürich
n4:nazevZdroje
Social Science, Management and Human Behaviour (SMHB)
n4:obor
n10:AH
n4:pocetDomacichTvurcuVysledku
2
n4:pocetTvurcuVysledku
2
n4:rokUplatneniVysledku
n14:2014
n4:tvurceVysledku
Helísek, Mojmír Mentlík, Roman
n4:typAkce
n8:EUR
n4:zahajeniAkce
2014-01-01+01:00
s:numberOfPages
5
n16:hasPublisher
Institut of Research Engineers and Doctors
n15:isbn
978-1-63248-032-3