The privatization strategy in many transition economies involved the creation of a special government agency that administered state property during privatization programs as well as after the privatization was declared complete. The National Property Fund (FNM) was the agency in the Czech...

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 periods of unsustainable asset-price bubbles. He also...

Paper analyzes the Czech social security and tax system as their redistribution aspects are concerned. On a basis of individual data, authors find that social security programs are usually properly targeted but that the tax breaks favor richer households. A microanalysis of tax expenditures is...

Èlánek se zabývá deflací, zkoumá její pøíèiny a stanovuje její typologii. Na základì tohoto zkoumání ústí v závìr, že dokud ekonomie bude stavìt na subjektivitì užitku, který nelze meziosobnì srovnávat, bude poskytovat jediný závìr. Antideflaèní politika...