We survey theories of impacts of budgetary rules in the budget process, review empirical evidence and on the basis of comparative studies attempt to design the optimal shape of the Czech budgetary rules. The theoretical part focuses on conventional and non-intuitive effects of spending caps and...

The paper focuses on the analysis of the particular sectors of non-financial corporations based on mainly yearly national accounts. We explain some of the aggregates of the national accounts but the focus of the paper is placed on the application of standard tools of financial analysis on the...

The paper is focused on the disputation with Mojmir Hajek on the field of the measurement of the total factor productivity index. We point out the interpretation obstacles connected to this measurement and its results at a level of the whole economy as well as of its industries. We also refer to...

Government systems of accounting are in the EU - as well as in other developed countries - based on the GFS (national) reporting systems and a cash reporting. The presented paper aims to describe main systems of reporting tax revenues, analyse problem areas within tax accrualisation and review...

Empirical research on the differences between unit values in the EU's trade with the Czech Republic and the intra-EU average has shown a significant changes. The comparative level of manufacturing products imported from the Czech republic has increased, the comparative level of products exported...

This paper deals with the narrowing the income gap between the Central and East European New Member States (NMS-5) and the EU-25 and with the trade-off between the real and nominal convergence. The methodology is based on international standards enabling comparisons of macroeconomic indicators,...