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Persistent link: https://www.econbiz.de/10001782824
Estimation of volatility of financial time series plays a crucial role in pricing derivatives. Volatility is often estimated from historical data; however, it is well known that volatility varies in time. We propose a method to choose a suitable length of historical data to estimate contemporary...
Persistent link: https://www.econbiz.de/10005036300
V polovinì prosince 2001 se pod tímto názvem uskuteènil již tøiatøicátý semináø Èeské spoleènosti ekonomické v øadì semináøù ?Ekonomické teorie a èeská ekonomika?. V úvodním vystoupení Štìpán Jurajda (CERGE-EI) vymezil základní pojmy, sumarizoval pøíèiny...
Persistent link: https://www.econbiz.de/10008495578
The purchasing power's difference between currencies appears to trigger a person to make the decision of emigrating, but it does not look to be the only one. European Union enlargement, immigration policies, as well as different personal and/or psychological reasons, have modified migrations...
Persistent link: https://www.econbiz.de/10005430354
Economic growth of the Czech Republic differed strongly in two periods: 1996-1999 and 2000-2004. While in the first period the economy was hit by the recession and the average annual rate of growth of GDP reached only 0,9 %, in the second period the growth accelerated to 3,2 %. The economic...
Persistent link: https://www.econbiz.de/10005036696
The minimum wage has been a controversial issue since 1912, when Massachusetts (USA) passed the first state minimum wage act. The Czech Republic has had a statutory national minimum wage since 1990 (Act no. 65/1965 Coll., or the Labour Code; the specific minimum wage levels and the conditions for...
Persistent link: https://www.econbiz.de/10008500688
Economic growth of the Czech Republic strongly accelerated in the years 2005-2007. Substantial decline of economic activity took place at the end of 2008 and in the year 2009. On the supply side the main contributing factors were labour and total factor productivity. On the demand side the...
Persistent link: https://www.econbiz.de/10008509955
Economic growth of the Czech Republic differed strongly in two periods: 2001-2003 and 2004-2006. While in the first period the average annual rate of growth of GDP reached only 2,7 %, in the second period the growth accelerated to 5,7 %. The economic growth measured by the indicators of real...
Persistent link: https://www.econbiz.de/10008754966
The economic development points out the importance of the development study of sectors and branches of economics, because they can deepen or moderate volatility of the economic cycle. The article aims at mapping the rate of unemployment in the primary, secondary and tertiary sector in the Czech...
Persistent link: https://www.econbiz.de/10009293717
Persistent link: https://www.econbiz.de/10003781428