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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...
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currency and the development of domestic inflation). It is obvious that exchange rate policy is not a passive factor, at least … that the inflation rate is growing in accordance with the growth of depreciation of the foreign exchange rate and the …
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