Estimation of the costs of disinflation policy is usually done using the sacrifice ratio (SR) coefficient. This paper provides two alternative estimates of SR for the Czech economy. The estimates are based on relatively simple, but transparent and verified models, i.e. their vector...

Foreign direct investment (FDI) is an important phenomenon in international economic relations. Generally, FDI is studied from the point of view of capital and technology transfers to the recipient countries while respecting a basic fact that profit is the main investor's interest. In this paper...

The econometric analysis of the quarterly time series allows for the conclusion that despite a considerable fall of GDP the development of the real consumption in CR was not profiled through a great shock. The influence of the past behaviour of consumers and the reactions arising from the...

This paper aims to analyze the cost factors that influence the export of the Czech Republic, and to estimate models suitable for quantitative analysis of export and its prediction. According to the macroeconomic theory, the fundamental export factors include foreign demand, domestic and foreign...