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Development of demand-related inflation pressures originating from the household sector in the Czech Republic

Author

Listed:
  • Emilie Jasova

    (University of Economics in Prague)

Abstract

The aim of the paper is to outline the development and the level of the demand-related inflation potential originating in the household sector in the Czech Republic. In order to achieve that, we will outline inflation types and their causes as reported by selected authors. We will also describe several ways of assessing and quantifying the demand-related inflation potential originating in the household sector, as published by the Czech National Bank. Furthermore, we will calculate the indicators of total potential demand-related inflation impulses from the household sector, whose development is to be compared with the household consumption deflator. The values of the overall relative income status of households will then be explained using their parallels for individual household income items. The quantification of the overall demand-related inflation potential from the household sector will then be carried out in the form of accumulating their values in terms of the localised periods of recession and boom in the GDP development in fixed prices.

Suggested Citation

  • Emilie Jasova, 2019. "Development of demand-related inflation pressures originating from the household sector in the Czech Republic," International Journal of Business and Management, International Institute of Social and Economic Sciences, vol. 7(2), pages 110-126, November.
    • Handle: RePEc:sek:jijobm:v:7:y:2019:i:2:p:110-126
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    References listed on IDEAS

    as
    1. Barth, James R & Bennett, James T, 1975. "Cost-push versus Demand-pull Inflation: Some Empirical Evidence: Comment," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 7(3), pages 391-397, August.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Demand-related inflation potential from the household sector; overall relative household income status; relative household income status for individual household income components; overall real relative household income status;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications

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