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Evaluation of Tax-Revenue Forecasts in the Czech Republic (in Czech)

Špalek, Jiøí; Moravanský, Dalibor - In: Czech Journal of Economics and Finance (Finance a uver) 55 (2005) 3-4, pp. 162-187

The article analyzes macroeconomic forecasts of tax revenue in the Czech Republic. Forecasts are tested for their biases on data from Czech Republic from 1993 to 2003. The authors argue that Czech tax-revenue forecasts were highly biased and the hypothesis of unbiasedness could not be rejected...

Persistent link: https://www.econbiz.de/10005673563

European Fiscal Policy Rules: First 15 Years

Prušvic, David - In: Politická ekonomie 2010 (2010) 1, pp. 51-69

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

Seignorage and Central Bank Finance

Holub, Tomáš - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 1, pp. 9-32

The author of this paper criticizes the broad, cash-flow based concepts of seignorage that were introduced and emphasized by the economic literature of the 1990s (i.e., fiscal seignorage, total seignorage, etc.), which the author argues are ill justified and confusing. On the other hand, the two...

Persistent link: https://www.econbiz.de/10008549697

Expenditure on social protection-new EU member states and the Czech republic

Izák, Vratislav; Dufková, Eva - In: Politická ekonomie 2006 (2006) 6, pp. 762-777

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...

Persistent link: https://www.econbiz.de/10005036645

Public finance sustainability and dynamic efficiency

Izák, Vratislav - In: Politická ekonomie 2008 (2008) 2, pp. 162-181

suggesting that even a small deficit in primary budget balance can stabilize the debt ratio (30 % of GDP). But in a world of …

Persistent link: https://www.econbiz.de/10005036697

Makroekonomické efekty platební neschopnosti : dynamický model

Bulíř, Aleš - In: Politická ekonomie : teorie, modelování, aplikace 45 (1997) 2, pp. 225-238

Persistent link: https://www.econbiz.de/10001221713

Relation between government balance and debt

Rybáček, Václav; Musil, Petr - In: Politická ekonomie : teorie, modelování, aplikace 68 (2020) 4, pp. 462-482

Persistent link: https://www.econbiz.de/10012269392

Interest rate differentials and the debt in the euro-zone

Kubíček, Jan - In: Politická ekonomie 2006 (2006) 6, pp. 816-833

The paper deals with unintended consequences of the monetary union for the level of debt in the member countries of the … the low inflation ones (e.g. Germany). Different rates of growth of private or total domestic debt in individual countries … were closely connected to inflation differentials. Thus the debt was rising very rapidly in high inflation countries …

Persistent link: https://www.econbiz.de/10005036596