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This paper studies whether the dynamic behavior of real GDP, unemployment and inflation is systematically affected by the timing of elections and by changes of governments in the Czech Republic. Two basic models of political cycles are tested – the political business cycle models and the...
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problem. Further we try finding out if after introducing single currency, economic cycles became synchronized in the eurozone … the eurozone. We deal with time series from the years 1994 to 2005. With the help of the correlation coefficients we … finding out if the rise of real GDP the individual countries of eurozone developed similarly as after rise of the eurozone …
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