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Pension reform in the Czech republic: a switch to mixed system with regard for limits of fiscal policy

Marek, David - In: Politická ekonomie 2008 (2008) 1, pp. 80-101

The Czech Republic is going to face ageing of its population. It will affect the economy in many ways. The pension system is one of them. This paper provides a view on possibilities how to insure long-term stability of the pension system in the Czech Republic using a mix of pay-as-you-go and...

Persistent link: https://www.econbiz.de/10005036605

Credit and Household Consumption

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

consumption. Aggregate consumption plays an important role in macroeconomic fluctuations and in the transmission mechanism. Czech …/Permanent-Income Hypothesis, including a standard model of consumption and incorporating credit supply. We first concluded that credit conditions … have a significant impact on household consumption, and that consumption is acutely sensitive to disposable income. Our …

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 … increase in household consumption. …

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

Comparing the Convergence of Czech Economy with Selected Euro Zone Members Using Impulse-Response Functions and Supply and Demand Shocks

Hušek, Roman; Formánek, Tomáš - In: Politická ekonomie 2011 (2011) 3, pp. 291-309

Our paper focuses on the analysis of supply and demand shocks and on the estimation of expected costs of introducing Euro currency into Czech Republic (CR). The analysis is based on the theory of optimal currency areas by Mundell (1961, 1973) and uses a macroeconomic approach formalized by...

Persistent link: https://www.econbiz.de/10009147149

Influence of farmers' household incomes on their consumption and purchase of meat and meat products

Syrovátka, Pavel - In: Zemědělská ekonomika : vědecký časopis 45 (1999) 9, pp. 427-431

Persistent link: https://www.econbiz.de/10001464979

Fully-Funded Pension System in a Converging Economy

Kubíèek, Jan - In: Czech Journal of Economics and Finance (Finance a uver) 54 (2004) 11-12, pp. 478-499

The paper examines implications of both real and nominal convergence for a fully-funded pension system. The process of convergence implies that higher contribution rates are necessary in the converging economy for replacement ratios to be the same as in a steady-state economy. This effect in the...

Persistent link: https://www.econbiz.de/10008549681

Non-contributory periods - a significant element of the czech pension reform

Holub, Martin - In: Politická ekonomie 2009 (2009) 4, pp. 471-494

Non-contributory periods is one of the key issues in the public discussion on the planned reform of the pension system in the Czech Republic. This article focuses on a detailed analysis of non-contributory periods in the Czech pension system and their impact on pension system balance and micro...

Persistent link: https://www.econbiz.de/10005049541

Why a switch from payg to funded pension system has no link to demographic development?

Kubíček, Jan - In: Politická ekonomie 2008 (2008) 1, pp. 102-122

The paper deals with a wide-spread myth that a switch from a PAYG to a funded pension system might solve adverse consequences of the population aging. It is shown, that under additional assumptions the pension debt (which is created during the process of the switch) is exactly equal to the value...

Persistent link: https://www.econbiz.de/10005036565

Contribution to discussion on reform of pension system

Slavík, Michal; Rutarová, Radka - In: Politická ekonomie 2005 (2005) 3, pp. 349-367

This essay focuses on the pension system and highlights some of its key elements. The first part deals with the economic principles connected with the social security system. Eatwell's model is utilized to give some basic intuition of terms and concepts used in the pension reform discussion. The...

Persistent link: https://www.econbiz.de/10005036662

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