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Komárek, Luboš - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 7, pp. 430-432

The Czech Economic Association, in co-operation with the Czech National Bank, organised a public seminar on ?The State of the Phillips Curve,? which featured a lecture by Professor Laurence Ball, in Prague in April 2001. Professor Ball, a professor of economics at John Hopkins University, began...

Persistent link: https://www.econbiz.de/10008495640

Analysis of the Indicator NAIRU on the Sector Level

Kadeřábková, Božena; Jašová, Emilie - In: Politická ekonomie 2011 (2011) 4, pp. 508-525

the primary, secondary and tertiary sector in the Czech Republic. With using the HP filter we estimate NAIRU. The … comparison of the actual rate of unemployment with the average value NAIRU was used for the specification of the economic cycle …. We compare the rate of unemployment, NAIRU and unemployment gaps in sectors with the average value on the national level …

Persistent link: https://www.econbiz.de/10009293717

On the Way to European Union: Nominal and Real Convergence in Transition Countries

Frait, Jan; Komárek, Luboš - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 6, pp. 330-347

The paper provides an introduction to essays published in this volume, which focus on nominal and real convergence in transition countries. The paper is based on the idea that the process of convergence can, to a large extent, be viewed via developments in real exchange rates. Key issues...

Persistent link: https://www.econbiz.de/10008549861

From PPP to Natrex - the Case of Czech Crown

Škop, Jiří; Vejmělek, Jan - In: Politická ekonomie 2009 (2009) 3, pp. 323-343

The exchange rate cannot significantly diverge from a (real) long-term equilibrium level consistent with the macroeconomic picture of an economy for a long period of time; otherwise, the economy suffers from macroeconomic imbalances such as below-potential growth and below natural employment, or...

Persistent link: https://www.econbiz.de/10005103172

Monetary approach to inflation: A medium-term structural model in a small open economy (the case of the Czech Republic in 1996-2004)

Arlt, Josef; Kodera, Jan; Mandel, Martin; Tomšík, … - In: Politická ekonomie 2006 (2006) 3

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

Makroekonometrický model eurozóny

Čížek, Ondřej - In: Politická ekonomie : teorie, modelování, aplikace 63 (2015) 3, pp. 279-299

Persistent link: https://www.econbiz.de/10011292940

Real Exchange Rate of the Czech Koruna and the Prices of Non-tradable Goods and Services

Mandel, Martin; Tomšík, Vladimír - In: Acta Oeconomica Pragensia 2008 (2008) 3, pp. 3-12

The paper presents both theoretical and an empirical analysis of factors influencing the prices of non-tradable goods and services in the Czech economy. The analysis discusses the development of the real exchange rate of the Czech koruna and quantifies the size of the real exchange rate...

Persistent link: https://www.econbiz.de/10005036411

Price level convergence dynamics in the CR and the accession strategy to the euro-zone

Pazour, Michal - In: Politická ekonomie 2006 (2006) 6, pp. 802-815

Czech economy has recently accelerated the real economic convergence to the European average. Nevertheless, in terms of price convergence the Czech economy is still lagging behind the expected dynamics, which should theoretically respond to the pace of relative economic growth. This asymmetry...

Persistent link: https://www.econbiz.de/10005036667

Real Business Cycles in Open Economies

Macháèek, Martin - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 2, pp. 81-98

This paper surveys recent literature on real business cycles in open economies. It focuses on the empirical regularities of international macroeconomic fluctuations and provides a short discussion of the differences between the stylized facts of business cycles in advanced and in developing...

Persistent link: https://www.econbiz.de/10008549877

The model of unobservable components and its use for identification of time series common trends

Arlt, Josef; Pokorný, Petr - In: Politická ekonomie 2006 (2006) 1, pp. 48-55

The co-integration of time series indicates the presence of their common trends. For analytical purpose it is important to transform some time series into gap form. This transformation can be received as a difference between the time series and the common trends. The model of demand for money in...

Persistent link: https://www.econbiz.de/10005036580