Aleš Michl
Biographic Data
| ID | 4125393 |
|---|---|
| NAME | Aleš Michl |
| GIVEN NAMES | Aleš |
| FAMILY NAME | Michl |
| SIGNATURE | MICHL A |
| AFFILIATIONS | Institute of Technology and Business |
| VERIFIED | No |
| TOTAL WORKS | 2 |
| TOTAL CITATIONS | 1 |
| AUTHOR COUNT | 2 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 2016 |
| LATEST PUBLICATION YEAR | 2019 |
| H-INDEX | 1 |
Money and Inflation
Using a cointegration, we show that there is no long-term relationship between money in the economy M and real (and nominal) GDP and CPI (US data from 1959 to 2018). There is no empirical evidence to support the textbook claim that "inflation is always and everywhere a monetary phenomenon". Only when we shorten the time series to the period before the crisis (1959-2008), there is a cointegration between CPI and M2, but only at the 10% significanc…
New Euro Convergence Criteria
The sovereign debt crisis inside the European Monetary Union (EMU) as well as competitiveness problems of some EMU members made the members and non-members of the club address one question: Is a monetary union advantageous? This paper deals with the issue whether or not the Maastricht criteria are good indicators for deciding to join the eurozone, namely for a small open economy, as the Czech Republic. In particular, this analysis addresses the i…
Money and Inflation
Using a cointegration, we show that there is no long-term relationship between money in the economy M and real (and nominal) GDP and CPI (US data from 1959 to 2018). There is no empirical evidence to support the textbook claim that "inflation is always and everywhere a monetary phenomenon". Only when we shorten the time series to the period before the crisis (1959-2008), there is a cointegration between CPI and M2, but only at the 10% significanc…
New Euro Convergence Criteria
The sovereign debt crisis inside the European Monetary Union (EMU) as well as competitiveness problems of some EMU members made the members and non-members of the club address one question: Is a monetary union advantageous? This paper deals with the issue whether or not the Maastricht criteria are good indicators for deciding to join the eurozone, namely for a small open economy, as the Czech Republic. In particular, this analysis addresses the i…
Money and Inflation
Using a cointegration, we show that there is no long-term relationship between money in the economy M and real (and nominal) GDP and CPI (US data from 1959 to 2018). There is no empirical evidence to support the textbook claim that "inflation is always and everywhere a monetary phenomenon". Only when we shorten the time series to the period before the crisis (1959-2008), there is a cointegration between CPI and M2, but only at the 10% significanc…
Economic Theory and Policy (2 works) · Economics (2 works) · Macroeconomics (2 works) · Monetary economics (2 works) · Monetary policy (2 works) · Argument (complex analysis) (1 work) · Cointegration (1 work) · Convergence (economics) (1 work) · Currency (1 work) · Czech (1 work)