The Euro and Economic Stability assesses the euro area’s merits as a shelter and the merits of euro assets as a safe haven and reviews the case for rapid euro adoption from a post-crisis view. Policymakers and economists provide relevant lessons from euro area divergences for future euro...

We offer a novel methodology for assessing the quality of inflation reports. In contrast to the existing literature, which mostly evaluates the formal quality of these reports, we evaluate their economic content by comparing inflation factors reported by the central banks with ex-post...

This paper deals primarily with supply-side performance of the Czech economy. Macroeconomic part of the analysis points out very low growth rate of total factor productivity, as well as high sensitivity of imports to real GDP growth. It also demonstrates

This article analyses the impact of different types of taxes on economic growth. Taking into account inter-temporal substitution we develop an economic model originally stemming from the Ramsey model. Using the dynamic optimization we search the balanced trajectories of consumption and capital...