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may have important stability implications. We choose a more general approach and consider the choice not only between … a particular step length is stable or not and some implications about the stability of the same system with different … step lengths. As a special case we get a relationship between stability of a discrete model and the corresponding …
Persistent link: https://www.econbiz.de/10005036350
Monthly and yearly inflation rates can be understood as rates of dynamics of the basic inflation indicator i.e. the consumer price index. These indicators modify the original inflation information. It is important to analyze the difference of the consumer price index, monthly and yearly...
Persistent link: https://www.econbiz.de/10008752950
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
The paper presents the optimal control theory and the maximum principle technique that is suitable for solving dynamic optimalization problems in continuous time. Modern mainstream macroeconomics stresses microeconomics principles of solved problems. However, the application of the standard...
Persistent link: https://www.econbiz.de/10005036694
Jaké motivy vedou vlády k poskytování pobídek zahraničním investorům? Které aspekty nejvíce ovlivňují nabízený objem úlev? Nakolik je mezinárodní „pobídková soutěž“ intenzivní? Jako nástroj zkoumání těchto otázek představíme dva mikroekonomické modely nabídky...
Persistent link: https://www.econbiz.de/10005698682
Business processes take place in an environment of complex systems that consist of many interrelated elements with stochastic and dynamic characteristics. Simulation and management methods were developed to cope with such complexity. Simulation and management methods are interdependent...
Persistent link: https://www.econbiz.de/10008500694
In the paper, marginal analysis and linear programming are described and then compared as two independent theoretical approaches to production theory. Although marginal analysis dominates economic literature, we argue that linear programming is an equivalent theory with some advantages and, of...
Persistent link: https://www.econbiz.de/10009371707
As regards the frequently mentioned risks connected with the EU entry, we feel that the analyzed macroeconomic data do not confi rm that these risks have materialized. The example of the Czech Republic, which joined the EU in 2004, conversely points to an improvement of most macroeconomic...
Persistent link: https://www.econbiz.de/10005036391
The article is engaged in the improvement of quarterly information on the gross domestic product by type of expenditures from the first expectations to final data. It concludes that the first estimate of GDP is under-estimated. This underestimation is caused by underestimation of the final...
Persistent link: https://www.econbiz.de/10005036589
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...
Persistent link: https://www.econbiz.de/10005036595