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Pašalièová, Renata; Stiller, Vladimír - In: Czech Journal of Economics and Finance (Finance a uver) 54 (2004) 11-12, pp. 520-540

The paper emphasizes how changes in credit conditions in the Czech Republic are likely to influence aggregate consumption. Aggregate consumption plays an important role in macroeconomic fluctuations and in the transmission mechanism. Czech household debt has increased in the past five years. The...

Persistent link: https://www.econbiz.de/10008549889

Hypotéza permanentního dùchodu a kupónová privatizace v ÈR

Hanousek, Jan; Tùma, Zdenìk - In: Czech Journal of Economics and Finance (Finance a uver) 52 (2002) 7-8, pp. 408-427

offered vouchers) led to an unexpected increase in the wealth of the Czech citizenry. According to the permanent income …

Persistent link: https://www.econbiz.de/10008549927

Macroeconomic balance of the czech economy in the years 1995-2005

Spěváček, Vojtěch - In: Politická ekonomie 2006 (2006) 6, pp. 742-761

The study is focused on macroeconomic stability of the Czech economy. The first part (methodological) stems from the system of national accounting which offers two approaches: from the point of view of relationship between domestic supply and demand and between savings and investments....

Persistent link: https://www.econbiz.de/10005036641

Intertemporal approach to the balance of payments: relationship between savings and investments in the rich, poor and transition countries

Brada, Josef C.; Mandel, Martin; Tomšík, Vladimír - In: Politická ekonomie 2008 (2008) 2, pp. 147-161

The paper analyses the intertemporal approach to the balance of payments which is based on the intertemporal approach to the relation between domestic saving and investment. A key element of the presented analysis is whether world capital mobility is high enough to hold a condition that the...

Persistent link: https://www.econbiz.de/10005036654

Has pension reform with indebtedness a sense?

Loužek, Marek - In: Politická ekonomie 2006 (2006) 2, pp. 247-260

The paper is concerned with pension reform in the Czech Republic and abroad. It argues against two opinions: on the one hand, that it is not necessary to do anything, and on the other hand, that a mandatory funded system should be implemented. Both approaches are false, because of creating...

Persistent link: https://www.econbiz.de/10005036644

Towards a critique of the concepts of solidarity and discrimination as applied in inter-temporal analyses of the so-called global problems

Klaus, Václav; Tříska, Dušan - In: Politická ekonomie 2007 (2007) 6, pp. 723-750

representative agents Ra and Râ are analyzed and asymmetries in their wealth and voting powers are dealt with by a the text-book tool … concepts of solidarity, justice and discrimination is accepted, as well as the resultant transfers of wealth from the richer Ra … new sample of a given man, household, firm, nation … or even mankind itself, (b) wealth is likely to grow with the time …

Persistent link: https://www.econbiz.de/10005036675

Teorie očekávaného užitku versus kumulativní prospektová teorie: empirický pohled (available in Czech only)

Skořepa, Michal - In: Czech Economic Review 1 (2007) 2, pp. 180-195

This paper pits expected utility theory and cumulative prospect theory against each other as regards their descriptive accuracy. Some older as well as newer pieces of evidence are described which show that under certain circumstances, expected utility theory is not descriptively valid. The most...

Persistent link: https://www.econbiz.de/10005698647

Zpochybnění deskriptivnosti teorie očekávaného užitku / Expected utility theory reconsidered [available in Czech only]

Skořepa, Michal - Institut ekonomických studií, Univerzita Karlova v Praze - 2006

This paper summarizes the major events in the recent history of modelling human decisions under risk. After presenting the basics of expected utility theory, the key pieces of evidence are described which showed that under certain circumstances, this theory is not descriptively valid. The most...

Persistent link: https://www.econbiz.de/10005673608