Showing 1 - 10 of 64
Persistent link: https://www.econbiz.de/10001764697
Monetary and fiscal policy should be paired with the economic objectives on which they have the most influence. The authors have transformed this traditional Mundell's principle of effective market classification into the conditions of the Czech economy - a small open economy with controlled...
Persistent link: https://www.econbiz.de/10005258257
The goal of the article is a qualitative and quantitative analysis of the relationship among savings, investments and credits in a business cycle in the Czech Republic. The presented analysis brings specific recommendations on the interaction between monetary policy and macroprudential...
Persistent link: https://www.econbiz.de/10011228258
Persistent link: https://www.econbiz.de/10009920050
The year 1996 was in sign of deepen unbalance in external relationships. The paper is a try to summarise problem of current account of balance payment primarily with coherence to monetary and fiscal policy last years. The first part depicted hitherto development after 1989 in Czech economy with...
Persistent link: https://www.econbiz.de/10008519386
The paper presents a dynamic approach to the theory of uncovered interest rate parity. It is examined the dynamic relation between the actual change in spot exchange rate and interest rate differential. Authors show the hypothesis of uncovered interest rate parity is based on an ex ante view and...
Persistent link: https://www.econbiz.de/10005036609
The paper analyses the intertemporal approach to the balance of payments which is based on the intertemporal approach to the relation between domestic saving and investment. A key element of the presented analysis is whether world capital mobility is high enough to hold a condition that the...
Persistent link: https://www.econbiz.de/10005036654
The article analyses a development of the external balance in five Central and Eastern European countries: the Czech Republic, Hungary, Poland, the Slovak Republic, and Slovenia. The main idea of the article is to apply, expand, and empirically verify the ideas of life cycle theory in the area...
Persistent link: https://www.econbiz.de/10005036655
The paper analyses a relationship between monetary aggregate M2 and inflation in a small open economy. The relationship between monetary expansion and inflation as well as a dynamic of income velocity of money framework in a small open economy are discussed in more details in the paper. Authors...
Persistent link: https://www.econbiz.de/10005036707
The article discusses problems of the empirical verification of the relative version of the theory of purchasing power parity based on aggregated price indexes (especially using the consumer price index). The goal of the articles is to compare empirical results obtained from cross-country time...
Persistent link: https://www.econbiz.de/10008754973