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...

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...

Federation is one type of state characterised by a contractual and constitutional structure, multilevel power redistribution, a written constitution, and duality of power. Federalism is a philosophy and a political instrument enabling a federation to function. The principle of federalism is an...

Predkladaný príspevok stručne popisuje zo strednodobého hľadiska vývoj jednotlivých kľúčových oblastí ekonomiky a zároveň poskytuje širší a komplexnejší pohľad na ekonomickú pozíciu Slovenska ako členskej krajiny Európskej únie v rámci spoločného ekonomického...