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Analysis of the Indicator NAIRU on the Sector Level

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

The economic development points out the importance of the development study of sectors and branches of economics, because they can deepen or moderate volatility of the economic cycle. The article aims at mapping the rate of unemployment in the primary, secondary and tertiary sector in the Czech...

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

Is nominal wage rigidity a problem in the case of deflation driven by economic growth?

Frömmel, Tomáš; Potužák, Pavel - In: Politická ekonomie : teorie, modelování, aplikace 68 (2020) 3, pp. 267-289

Persistent link: https://www.econbiz.de/10012269360

Deflation and economic crisis : central banks' rhetoric vs. economic literature

Kovanda, Lukáš; Komrska, Martin - In: Politická ekonomie : teorie, modelování, aplikace 65 (2017) 3, pp. 351-369

Persistent link: https://www.econbiz.de/10011853816

Contributions to Inflation and Deflation in Today?s Market Economy

Revenda, Zbynìk - In: Czech Journal of Economics and Finance (Finance a uver) 54 (2004) 7-8, pp. 335-354

There are three possible price movements in a market economy: stability, inflation, and deflation. Inflation and … deflation are defined in this article as changes in the purchasing power of money caused by the money creation. Inflation and … deflation have many asymmetric, and even some symmetric, effects. Both price phenomena are undesirable, but the consequences of …

Persistent link: https://www.econbiz.de/10008549675

Deflation: An Underlying Feature of a Healthy Economy

Šíma, Josef - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 10, pp. 539-549

The author reverts the current mainstream discussion of deflation hampering economic growth. The author first revises … the definition inflation that is often misinterpreted. He shows that deflation is a natural phenomenon that often follows …

Persistent link: https://www.econbiz.de/10008549712

Monetary Policy during Very Low Inflation

Komárek, Luboš - In: Czech Journal of Economics and Finance (Finance a uver) 54 (2004) 1-2, pp. 64-67

deflation combined with low nominal interest rates. He was also focused on Japan and on an evaluation of its monetary policy of …

Persistent link: https://www.econbiz.de/10008495641

Purchasing power parity and the equilibrium exchange rate

Mičúch, Marek - In: Politická ekonomie 2009 (2009) 3, pp. 405-428

Paper inquires into historical development of key theoretical concepts related to purchasing power parity in 20th century. It presents theories which explain relation between price level, labor productivity and exchange rate. These theories explain the process of how the long-run equilibrium...

Persistent link: https://www.econbiz.de/10005103171

Growth, Stability and Convergence of the Czech Economy in the Years 2001-2008

Spěváček, Vojtěch; Vintrová, Růžena - In: Politická ekonomie 2010 (2010) 1, pp. 20-50

Economic growth of the Czech Republic strongly accelerated in the years 2005-2007. Substantial decline of economic activity took place at the end of 2008 and in the year 2009. On the supply side the main contributing factors were labour and total factor productivity. On the demand side the...

Persistent link: https://www.econbiz.de/10008509955

Minimum Wage and Labour Market

Lajtkepová, Eva - In: Acta Oeconomica Pragensia 2010 (2010) 1, pp. 3-20

The minimum wage has been a controversial issue since 1912, when Massachusetts (USA) passed the first state minimum wage act. The Czech Republic has had a statutory national minimum wage since 1990 (Act no. 65/1965 Coll., or the Labour Code; the specific minimum wage levels and the conditions for...

Persistent link: https://www.econbiz.de/10008500688

Macroeconomic development of the Czech republic in the years 1996-2004

Spěváček, Vojtěch; Vintrová, Růžena; Hájek, Mojmír - In: Politická ekonomie 2006 (2006) 2, pp. 147-169

Economic growth of the Czech Republic differed strongly in two periods: 1996-1999 and 2000-2004. While in the first period the economy was hit by the recession and the average annual rate of growth of GDP reached only 0,9 %, in the second period the growth accelerated to 3,2 %. The economic...

Persistent link: https://www.econbiz.de/10005036696