Bezdìk, Vladimír; Dybzcak, Kamil; Kreidl, Aleš - In: Czech Journal of Economics and Finance (Finance a uver) 53 (2003) 11-12, pp. 477-509
The paper considers the impact of the business cycle on Czech fiscal balance in the past decade. The authors employed … deficits are basically structural in nature, i.e., they are independent of the business cycle. Moreover, another hypothesis was …