Josef Arlt
Biographic Data
| ID | 4125361 |
|---|---|
| NAME | Josef Arlt |
| GIVEN NAMES | Josef |
| FAMILY NAME | Arlt |
| SIGNATURE | ARLT J |
| AFFILIATIONS | Weatherford College |
| ORCID | 0000-0001-8349-7419 |
| VERIFIED | Yes |
| TOTAL WORKS | 6 |
| TOTAL CITATIONS | 14 |
| WORKS AS AUTHOR | 6 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2004 |
| LATEST PUBLICATION YEAR | 2012 |
| H-INDEX | 2 |
Is it Possible to Predict the CNB Repo Rate on the Basis of the Backward-Looking Monetary Rule
The aim of our paper is to formulate and empirically verify the simple backward looking econometric model of the monetary rule, which would be able to describe the development of CNB repo rate, namely only on the basis of statistically measured and in the given time available information. We focus on the period after 1998, when the CNB's inflation targeting policy is implemented and the repo rate (14 days) plays the role of the monetary policy ra…
Time series of monthly and yearly inflation rates and their properties
Monthly and yearly inflation rates can be understood as rates of dynamics of the basic inflation indicator i.e. the consumer price index. These indicators modify the original inflation information. It is important to analyze the difference of the consumer price index, monthly and yearly inflation rates, from the viewpoint of their frequency content, time lag and deformations. The theory of linear filtration and its representation in the frequency…
The model of unobservable components and its use for identification of time series common trends
The co-integration of time series indicates the presence of their common trends. For analytical purpose it is important to transform some time series into gap form. This transformation can be received as a difference between the time series and the common trends. The model of demand for money in Czech Republic created by real M2, real GDP and 1R PRIBOR time series contains two common trends. These trends are estimated from the state space form of…
Monetary approach to inflation
The paper analyses a relationship between monetary aggregate M2 and inflation in a small open economy. The relationship between monetary expansion and inflation as well as a dynamic of income velocity of money framework in a small open economy are discussed in more details in the paper. Authors have developed a medium-term structural model using for an empirical verification of the relationship between monetary aggregate M2 and price development …
The relationship of budget deficit and current account balance - panel data analysis
Panel data are increasingly being used in both macro- and micro-level studies of economic problems. Macro-panel data (i denotes countries) are characteristic by sufficiently long time series to be able to analyze panel spurious regression and panel cointegration. According to the main stream of the economic theory the budget deficits leads to deterioration in the current account balance. The panel long-run causal relation is examined in the case …
Implementation of monetary overhang/shortfall measure for indication of inflation risks (the approach of the European Central Bank)
The ECB concept of analysis of deviation of actual money stock development from its long run equilibrium development is based on the assumption that bigger deviation signalizes risks for the price stability. The ECB considers three measures of this deviation: nominal money gap, real money gap and monetary overhang/shortfall. The calculation of gap between the actual and the equilibrium development of money stock in nominal and real expression is …
Monetary approach to inflation
The paper analyses a relationship between monetary aggregate M2 and inflation in a small open economy. The relationship between monetary expansion and inflation as well as a dynamic of income velocity of money framework in a small open economy are discussed in more details in the paper. Authors have developed a medium-term structural model using for an empirical verification of the relationship between monetary aggregate M2 and price development …
Is it Possible to Predict the CNB Repo Rate on the Basis of the Backward-Looking Monetary Rule
The aim of our paper is to formulate and empirically verify the simple backward looking econometric model of the monetary rule, which would be able to describe the development of CNB repo rate, namely only on the basis of statistically measured and in the given time available information. We focus on the period after 1998, when the CNB's inflation targeting policy is implemented and the repo rate (14 days) plays the role of the monetary policy ra…
Implementation of monetary overhang/shortfall measure for indication of inflation risks (the approach of the European Central Bank)
The ECB concept of analysis of deviation of actual money stock development from its long run equilibrium development is based on the assumption that bigger deviation signalizes risks for the price stability. The ECB considers three measures of this deviation: nominal money gap, real money gap and monetary overhang/shortfall. The calculation of gap between the actual and the equilibrium development of money stock in nominal and real expression is …
Time series of monthly and yearly inflation rates and their properties
Monthly and yearly inflation rates can be understood as rates of dynamics of the basic inflation indicator i.e. the consumer price index. These indicators modify the original inflation information. It is important to analyze the difference of the consumer price index, monthly and yearly inflation rates, from the viewpoint of their frequency content, time lag and deformations. The theory of linear filtration and its representation in the frequency…
The model of unobservable components and its use for identification of time series common trends
The co-integration of time series indicates the presence of their common trends. For analytical purpose it is important to transform some time series into gap form. This transformation can be received as a difference between the time series and the common trends. The model of demand for money in Czech Republic created by real M2, real GDP and 1R PRIBOR time series contains two common trends. These trends are estimated from the state space form of…
The relationship of budget deficit and current account balance - panel data analysis
Panel data are increasingly being used in both macro- and micro-level studies of economic problems. Macro-panel data (i denotes countries) are characteristic by sufficiently long time series to be able to analyze panel spurious regression and panel cointegration. According to the main stream of the economic theory the budget deficits leads to deterioration in the current account balance. The panel long-run causal relation is examined in the case …
Implementation of monetary overhang/shortfall measure for indication of inflation risks (the approach of the European Central Bank)
The ECB concept of analysis of deviation of actual money stock development from its long run equilibrium development is based on the assumption that bigger deviation signalizes risks for the price stability. The ECB considers three measures of this deviation: nominal money gap, real money gap and monetary overhang/shortfall. The calculation of gap between the actual and the equilibrium development of money stock in nominal and real expression is …
The relationship of budget deficit and current account balance - panel data analysis
Panel data are increasingly being used in both macro- and micro-level studies of economic problems. Macro-panel data (i denotes countries) are characteristic by sufficiently long time series to be able to analyze panel spurious regression and panel cointegration. According to the main stream of the economic theory the budget deficits leads to deterioration in the current account balance. The panel long-run causal relation is examined in the case …
The model of unobservable components and its use for identification of time series common trends
The co-integration of time series indicates the presence of their common trends. For analytical purpose it is important to transform some time series into gap form. This transformation can be received as a difference between the time series and the common trends. The model of demand for money in Czech Republic created by real M2, real GDP and 1R PRIBOR time series contains two common trends. These trends are estimated from the state space form of…
Monetary approach to inflation
The paper analyses a relationship between monetary aggregate M2 and inflation in a small open economy. The relationship between monetary expansion and inflation as well as a dynamic of income velocity of money framework in a small open economy are discussed in more details in the paper. Authors have developed a medium-term structural model using for an empirical verification of the relationship between monetary aggregate M2 and price development …
Time series of monthly and yearly inflation rates and their properties
Monthly and yearly inflation rates can be understood as rates of dynamics of the basic inflation indicator i.e. the consumer price index. These indicators modify the original inflation information. It is important to analyze the difference of the consumer price index, monthly and yearly inflation rates, from the viewpoint of their frequency content, time lag and deformations. The theory of linear filtration and its representation in the frequency…
Is it Possible to Predict the CNB Repo Rate on the Basis of the Backward-Looking Monetary Rule
The aim of our paper is to formulate and empirically verify the simple backward looking econometric model of the monetary rule, which would be able to describe the development of CNB repo rate, namely only on the basis of statistically measured and in the given time available information. We focus on the period after 1998, when the CNB's inflation targeting policy is implemented and the repo rate (14 days) plays the role of the monetary policy ra…
Economics (6 works) · Macroeconomics (6 works) · Econometrics (5 works) · Inflation (cosmology) (5 works) · Monetary policy (5 works) · Monetary Policy and Economic Impact (4 works) · Exchange rate (3 works) · Mathematics (3 works) · Statistics (3 works) · Complex Systems and Time Series Analysis (2 works)