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budget in the maximum 3 % of GDP and maximal public debt 60 % of GDP. The article are dealing with comparision, filling or …
Persistent link: https://www.econbiz.de/10015270849
The interpretation of the relation between a budget deficit and a government debt in the standard economic theory is … based on its unilateral causality, where the government debt comes into being due to the accumulation of budget deficits …/GDP ratio in a number of cases surpasses the influence of the budget balance. This trend significantly amplifies in the period …
Persistent link: https://www.econbiz.de/10008564637
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
Keynes foreword to the German edition of his General Theory is one of the causes of the association between his name and a total state. This paper looks into how justified the link between Keynes's theory and the Nazi German economic policy really is. The first part introduces Keynes's ideas on...
Persistent link: https://www.econbiz.de/10005036388
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 study is focused on macroeconomic stability of the Czech economy. The first part (methodological) stems from the system of national accounting which offers two approaches: from the point of view of relationship between domestic supply and demand and between savings and investments....
Persistent link: https://www.econbiz.de/10005036641
The paper is concerned with pension reform in the Czech Republic and abroad. It argues against two opinions: on the one hand, that it is not necessary to do anything, and on the other hand, that a mandatory funded system should be implemented. Both approaches are false, because of creating...
Persistent link: https://www.econbiz.de/10005036644
We survey theories of impacts of budgetary rules in the budget process, review empirical evidence and on the basis of … recommends changes in the Czech budget process. …
Persistent link: https://www.econbiz.de/10008754959
distinct periods. Between 1945 and 1948, the budget followed a prewar structure where debt constituted a separate part. These … the structure of the state budget was adapting to its new function in the economy and the amount of the debt appeared to …
Persistent link: https://www.econbiz.de/10009147144
examines the impact of post-privatization ownership structure on the firms’ restructuring. Inspired by the analysis of negative …
Persistent link: https://www.econbiz.de/10005808660