Two specialists on fiscal policy in the Czech Republic examine the deterioration of that country's fiscal position during the late 1990s and outline its causes and consequences. Particular attention is devoted to developments in the government sector, extra-budgetary activities, sources of...

This paper is focused - using the example of the Czech Republic since 1993 - on a description of the hidden risks, implicitly existing in the system of public finances duringthe transition period (from a centrally planned towards market economy). The starting assumption is that public budgets...

This paper examines effects of political ideology of a governing party on fiscal outcomes, using data from eight Central and Eastern European countries in the 2001-2017 period. The analysis shows that there is a statistically significant effect of conservative governments on fiscal variables,...

This paper analyses the European budget and the position of the ten new member states. We argue that the EU budget should be reconsidered, as the Union has expanded to 27 member states and has become more heterogeneous. The budget priorities must be re-oriented towards potentially productive...

This paper focuses on dynamics of government spending over the business cycle. The literature on this topic has yet mainly focused on the issue of anti- or pro- cyclicality of fiscal policy. Only recently some researchers brought up a notion that response of fiscal policy might display great...