Showing 1 - 10 of 91
Granger causality test the panel cointegration analysis is needed. The panel cointegration relationships were not found in any … panel cointegration. According to the main stream of the economic theory the budget deficits leads to deterioration in the …
Persistent link: https://www.econbiz.de/10005036639
. The models used include Granger causality, cointegration, and error-correction models. The results demonstrate that the … deviations from the parity. As this error-correction mechanism appears to be rather symmetric, and as the Granger causality tests … suggest different causality patterns for individual stocks, none of the two markets emerges as the dominant one. A variety of …
Persistent link: https://www.econbiz.de/10008495740
The Stability and Growth Pact has become a primary fiscal policy framework in all European countries since 1997. Together with Maastricht fiscal criteria it determines the fiscal discipline of integration process. The aim of this study is to evaluate ex-post effectiveness of the fiscal rules...
Persistent link: https://www.econbiz.de/10008509953
This paper studies whether the dynamic behavior of real GDP, unemployment and inflation is systematically affected by the timing of elections and by changes of governments in the Czech Republic. Two basic models of political cycles are tested – the political business cycle models and the...
Persistent link: https://www.econbiz.de/10005673607
Housing-policy research in European Union countries distinguishes between two kinds of rent control: non-targeted ""first-generation"" rent control and targeted ""second-generation"" rent control, the later which better reflects housing market relations. The article demonstrates the drastic...
Persistent link: https://www.econbiz.de/10008495754
This paper presents results of repeated economic lab experiments. They were designed to test a model of combinatorial …
Persistent link: https://www.econbiz.de/10009147148
Persistent link: https://www.econbiz.de/10012491637
The paper deals with the impact of new information on the fixed income market. We expect this to be the first study covering such a topic in Central European markets. We prepared a model of a market reaction and found out that the market is not significantly driven by new macroeconomic figures....
Persistent link: https://www.econbiz.de/10005036606
Stárnutí obyvatelstva se stalo v poslední době jedním z důležitých témat v mnoha rozvinutých zemích. Důchodové systémy a systémy financování zdravotnictví založené na solidaritě jsou výrazně citlivé na demografické změny související s klesající porodností a...
Persistent link: https://www.econbiz.de/10010322239
Persistent link: https://www.econbiz.de/10008688998