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Public Debt Policy: Credibility and Institutions

Pavelek, Petr - In: Czech Journal of Economics and Finance (Finance a uver) 53 (2003) 5-6, pp. 190-219

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

Currency in circulation: global trends and the situation in the Czech republic

Cimburek, Jan; Řežábek, Pavel - In: Politická ekonomie 2008 (2008) 6, pp. 739-758

This paper deals with the evolution of currency in circulation and world trends in selected developed countries. We argue against the opinion that money in their cash form (i.e. notes and coins) will seize to exist within the horizon of fifteen years and that only electronic means of payment...

Persistent link: https://www.econbiz.de/10008754951

Central bank Losses. An Economic and Accounting Perspective Using the Example of the Czech National Bank

Mandel, Martin; Zelenka, Vladimír - In: Politická ekonomie 2009 (2009) 6, pp. 723-739

The first question that we ask ourselves in our article is whether the accounting of the central bank is supposed to respect the principles of internationally accepted standards (especially the International Financial Reporting Standards). We are looking for the basic differences in...

Persistent link: https://www.econbiz.de/10008545880

Half a century of the world money development

Frait, Jan; Komárek, Luboš - In: Politická ekonomie 2006 (2006) 3

The article provides a general description of the world money development in both developed and developing countries during the second half of 20th century. We were primarily focusing on the long run trends in dollar gold prices, monetary aggregates (broad and narrow money), foreign exchange...

Persistent link: https://www.econbiz.de/10005036615

Systematic part of CNB's monetary policy in inflation targeting regime

Navrátil, David - In: Politická ekonomie 2004 (2004) 5, pp. 623-636

In the inflation targeting regime the central bank makes a decision about interest rate adjustment based on a forecast, primarily of inflation. Thus a big part of the decisions on interest rate adjustments corresponds to systematic response of central bank to expected economic development. The...

Persistent link: https://www.econbiz.de/10005036683

Off-Budgetary Reasons of the Growing Public Indebtedness

Dvořák, Pavel - In: Politická ekonomie 2010 (2010) 4, pp. 522-541

The interpretation of the relation between a budget deficit and a government debt in the standard economic theory is …

Persistent link: https://www.econbiz.de/10008564637

Theory of money of Josef Macek and his monetary policy view

Sojka, Milan - In: Politická ekonomie 2006 (2006) 3

During 1930s and 1940s Josef Macek developed monetary theory leading to monetary policy recommendations which are … deeply influenced by macroeconomic theory of John Maynard Keynes. Macek became leading Czech left-wing keynesian. His theory … critisized and disapproved the quantity theory of money. In his monetary theory and his monetary policy conclusions he was a …

Persistent link: https://www.econbiz.de/10005036614

A Comparison of New Consensus as a Theoretical Framework of Inflation Targeting with Post-Keynesian Economics

Korda, Jan - In: Politická ekonomie 2010 (2010) 1, pp. 92-104

The article deals with the relationship of post-Keynesian economics to new consensus as a theoretical framework of inflation targeting. First, new consensus with its roots in Wicksell´s approach is briefly introduced. In the next parts differences and meeting-points of new consensus and...

Persistent link: https://www.econbiz.de/10008602649

Price Convergence toward the EU: A Few Open Issues

Èihák, Martin; Holub, Tomáš - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 6, pp. 349-362

theory? Third, what is the relationship between price levels and coefficient measuring differences in the structures of …

Persistent link: https://www.econbiz.de/10008549821

Monetary Policy during Very Low Inflation

Komárek, Luboš - In: Czech Journal of Economics and Finance (Finance a uver) 54 (2004) 1-2, pp. 64-67

The article summarizes the main points discussed at the seminar on Monetary Policy during Very Low Inflation, held by the Czech Economic Association in June 2003. There were two main speakers at the seminar. The first was Jan Frait (Czech National Bank), who summarized the main ideas of...

Persistent link: https://www.econbiz.de/10008495641

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