Inflation targeting in the Czech Republic

This thesis deals with inflation targeting in the Czech Republic. The first part explains the basic concepts associated with inflation targeting. The thesis clarifies the concept of inflation, monetary policy instruments, types of inflation and their quantification. The analytical part is devoted directly to the situation in the Czech Republic. It explains the reason of the implementetion of this scheme in the CR, implementation challanges and how the CNB dealt with these challanges. A large part of the thesis analyses the deviations from the inflation target. The summarizes the advantages and disadvatages that the monetary policy regime introduced. And then it contains the overall assessment of the success of inflation targeting in the Czech Republic