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This paper studies whether the dynamic behavior of real GDP, unemployment and inflation is systematically affected by the timing of elections and by changes of governments in the Czech Republic. Two basic models of political cycles are tested – the political business cycle models and the...
Persistent link: https://www.econbiz.de/10005673607
In this article is studied hypothesis, that every period (time interval) before financial crisis is distinguished by co-movement of several variables. The study is based on monthly data (that means no quarterly data, like portfolio investment, were used). This hypothesis, tested with vector...
Persistent link: https://www.econbiz.de/10005036383
The Council of Economic Experts and its influence on the German economic policy are discussed in this paper. The first section concentrates on the institutional background and historical genesis of this body. Consequently, the importance of the Council in preventing a competitive and efficient...
Persistent link: https://www.econbiz.de/10005036640
The paper considers modern frameworks of public debt management from a credibility perspective. It focuses on the institutional and operational arrangements of effective debt management. In particular, the author seeks to shed light upon the contemporary problems of Czech debt manager compared...
Persistent link: https://www.econbiz.de/10008495823
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may have important stability implications. We choose a more general approach and consider the choice not only between … a particular step length is stable or not and some implications about the stability of the same system with different … step lengths. As a special case we get a relationship between stability of a discrete model and the corresponding …
Persistent link: https://www.econbiz.de/10005036350
This study quantifies environmental and health impacts attributable to revoking the territorial ecological restrictions on open-pit mining of brown coal at Bílina and ČSA mines in the Northern Bohemia mining area, following four options as proposed in 2015 by the Czech government. These...
Persistent link: https://www.econbiz.de/10015248950
While poverty has long been a phenomenon closely related to the life cycle of family, in recent decades is increasingly dependent on the economic participation of household members. In addition, this change in post-communist countries is associated with the economic and social transformation,...
Persistent link: https://www.econbiz.de/10015254882