Inflačné cielenie a možnosti predikovania inflácie v podmienkach Slovenska
Inflation Targeting and Possibilities to Predict Inflation in Conditions of Slovakia

Summary/Abstract: In the economic theory several preconditions for successful inflation targeting have been identified. In the contribution we consider such as reasonably low inflation in comparison with other inflation targeting countries, public support for price stability, clearly defined objective of achieving price stability, suffi-ciently independent central bank, absence of fiscal dominance, development of financial markets, well-developed money market, and capacity of the central bank to model and forecast inflation. In the second part we try to identify main determinants, which influence the Slovak core inflation. Models included in con-tribution show that Slovak core inflation has a strong inert character and it is influenced mainly by development of the exchange rate.

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