The first part of the paper characterizes the main features of the czech macroeconomic development in the time period 1995:I - 1999:III. Cross-correlograms of net inflation, adjusted inflation and producer price index on the one side and explanatory variables: wage gap, broad money, nominal...

The Czech National Bank has through Repo rates effectively influenced the money market rates (PRIBOR). The strong cointegration has been also valid for the impact of PRIBOR rate on the interest rates on newly granted credits. The expected negative correlation between interest rates on the one...

The paper has examined the impact of both internal and external factors on the net inflation in the Czech Republic in the time horizon 1995:1 - 2000:12. The framework of the analysis are the extended Phillips curve models. Cross correlograms of stationary data (first differences of year-on-year...

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The article deals with the application of basic macroeconomic identity (domestic investment, private and government saving, foreign investment) at the Czech data in the time period 1994 - 2001. The application discovers that the twin deficits hypothesis (both the budgetary and trade balance...

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We analyse potential sources of internal imbalances, specifically as regards private and public indebtedness. The combination of a high public debt and increasing private sector indebtedness have been a source of concern in the perspective of the funding of the economy in examined countries. We...

It is well known that in EMU the degree of similarity in the composition of current expenditures is relevant since the way Member States are affected by external shocks depends at least in part on this composition. In the 8 postsocialist countries recently admitted to the EU (EU-8) the mean...

In the last years there has been a growing discrepancy between gross domestic product and gross disposable income (more than a double of government budget deficit in 2006)in favour of non-residents. The difference between the real interest rate and the rate of growth of GDP has been negative in...

Starting from endogenous growth models we test the impacts of both taxes (distortionary and non-distortionary) and expenditures (taking into account economic and functional classification of general government expenditure) using the government constraint. We do not neglect the implicit financing...