Authors : Martina Hedvicakova
Abstract: In the last 3 years a number of European Union countries have addressed low inflation or deflation. Central banks around the world are trying to reverse the negative economic development and are looking for various monetary instruments to achieve economic growth. They are looking for new monetary policy regimes which could replace inflation targeting. This study aims to analyse the most important impacts of low inflation on the economy of the country. The study analyses the evolution of inflation in the Czech Republic and the European Union and on the basis of latest central bank’s measures, a prognosis of further development is developed.
Martina Hedvicakova , 2017. The Impact of Inflation on Economic Performance. Journal of Engineering and Applied Sciences, 12: 8523-8527.