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Relation between Cyclically Adjusted Budget Balance and Growth Accounting Method of Deriving ‘Net Fiscal Effort’

Zápal, Jan - Institut ekonomických studií, Univerzita Karlova v Praze - 2006

This paper deals with the growth accounting method used for derivation of so called net fiscal effort. Net fiscal effort can then provide a clue whether fiscal policy is expansionary or not and together with the data about economic performance can answer the question of pro- or anti-cyclicality...

Persistent link: https://www.econbiz.de/10005067743

Fiscal Policy in New EU Member States: Go East, Prudent Man!

Schneider, Ondrej; Zápal, Jan - Institut ekonomických studií, Univerzita Karlova v Praze - 2005

The European Union (EU) accepted ten new member states (NMS) in 2004. These countries, mostly former socialist countries, have had to adjust their economic policies to the EU’s standards. Perhaps most difficult has proven to be fiscal policy whereby NMS must comply with the Stability and...

Persistent link: https://www.econbiz.de/10005698681

The Comparative Statics of the Effects of Credit Guarantees and Subsidies in the Competitive Lending Market

Janda, Karel - Institut ekonomických studií, Univerzita Karlova v Praze - 2005

-agent problems in the credit market in transition and posttransition economies. We show that the guarantees and subsidies targeted to … low risk borrowers decrease efficiency while those targeted to high risk borrowers increase efficiency both in transition … and post-transition economies. The uniform non-targeted guarantees decrease the credit rationing or dead-weight loss …

Persistent link: https://www.econbiz.de/10005698662

The Quantitative and Qualitative Analysis of the Budget Cost of the Czech Supporting and Guarantee Agricultural and Forestry Fund

Janda, Karel - Institut ekonomických studií, Univerzita Karlova v Praze - 2005

The paper analyzes the government budget cost of credit guarantees and subsidies. The analysis is done both in a general qualitative manner and quantitatively for the case of Czech Supporting and Guarantee Agricultural and Forestry Fund (SGAFF). In the quantitative part of the paper we show that...

Persistent link: https://www.econbiz.de/10005698677

The Pros and Cons of Banking Socialism

Gregor, Martin - Institut ekonomických studií, Univerzita Karlova v Praze - 2007

interest rates to boost labor demand. A government of a transition economy may postpone bank privatization to keep credit … provision under control, as long as inefficiencies of state ownership are not prohibitive. We model a transition economy where …

Persistent link: https://www.econbiz.de/10005698693

Reform Redux: Measurement, Determinants and Reversals

Horvath, Roman; Campos, Nauro F. - Institut ekonomických studií, Univerzita Karlova v Praze - 2006

We construct objective measures of privatization, internal and external liberalization reform efforts, across countries over time, and investigate their determinants, reversals and macroeconomic impacts. We find that GDP growth determines external liberalization and privatization, concentration...

Persistent link: https://www.econbiz.de/10005698734

Personal Earnings Inequality in the Czech Republic

Mysíková, Martina - Institut ekonomických studií, Univerzita Karlova v Praze - 2011

This paper analyzes the inequality of personal earnings in the Czech Republic since the early transition from communism … stages of transition, but later subsided. Earnings polarization was apparent for all sex and education subgroups between the …

Persistent link: https://www.econbiz.de/10008922718

Migration and remittances in the CEECs: a case study of Ukrainian labour migrants in the Czech Republic

Glazar, Ondøej; PhDr. Wadim Strielkowski.; … - Institut ekonomických studií, Univerzita Karlova v Praze - 2012

This paper aims to analyse migration and remittances in Central and Eastern European countries (CEECs) on the case study of Ukrainian labour migrants in the Czech Republic using primary data from survey questionnaires collected by the Ukrainian Migration Project (UMP). More specifically, it...

Persistent link: https://www.econbiz.de/10011006953

Exchange Rate Pass-Through in an Emerging Market: The Case of the Czech Republic

Hajek, Jan; Horvath, Roman - Institut ekonomických studií, Univerzita Karlova v Praze - 2015

We examine exchange rate pass-through, or how domestic prices respond to exchange rate shocks, in the Czech Republic from 1998 to 2013 by employing vector autoregression models. Using the aggregate consumer price index and its sub-components, we find that the degree of passthrough is incomplete...

Persistent link: https://www.econbiz.de/10011275218

Do domestic firms benefit from geographic proximity with FDI? Evidence from the privatization of the Czech glass industry

Gaelotti, Elisa - Institut ekonomických studií, Univerzita Karlova v Praze - 2008

firms in transition countries. …

Persistent link: https://www.econbiz.de/10005698708