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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...

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...

The paper provides a comprehensive survey of the theories of consumption functions. The Keynesian consumption function is examined in more detail under a condition of a small open economy. The paper explains the variety of consumption expenditures in the Czech Republic between 1993 - 2001. In...

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...

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...

At the beginning of 1996 the ČNB changed money supply management. The transition was from a monetary base regulation towards control of short-interest rate of inter banking market PRIBOR 1 week. While monetary regulation base mainly results in changes of the monetary supply, the transition...

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