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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,...
Persistent link: https://www.econbiz.de/10005036693
The economic development of the Czech Republic and Slovakia after the split of former Czechoslovakia in 1993 shows some important differences, caused by different economic policy and the starting level. The convergence of the Slovak economic level to the Czech one was very fast after the World...
Persistent link: https://www.econbiz.de/10008752940
The values of comparative price levels vary greatly in individual EU countries and depend on many different economic factors. The EU countries were divided into two distinguishable groups. Both OLS and robust regressions were used to analyze the influence of the comparative price levels on...
Persistent link: https://www.econbiz.de/10008876464
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...
Persistent link: https://www.econbiz.de/10008509955
. Macroeconomic stability of the Czech economy improved substantially in the fields of inflation, monetary development and foreign …
Persistent link: https://www.econbiz.de/10005036696
Economic growth of the Czech Republic differed strongly in two periods: 2001-2003 and 2004-2006. While in the first period the average annual rate of growth of GDP reached only 2,7 %, in the second period the growth accelerated to 5,7 %. The economic growth measured by the indicators of real...
Persistent link: https://www.econbiz.de/10008754966
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 inflation rates, from the viewpoint of their frequency content, time lag and …
Persistent link: https://www.econbiz.de/10008752950
This paper begins with a description of simple select models of inflation and their ability to fit the data. The paper … assign the best-forecast performance to the modified version of the P-star model of inflation for a small, open economy. …
Persistent link: https://www.econbiz.de/10008540713
There are three possible price movements in a market economy: stability, inflation, and deflation. Inflation and … deflation are defined in this article as changes in the purchasing power of money caused by the money creation. Inflation and …
Persistent link: https://www.econbiz.de/10008549675
theory? Third, what is the relationship between price levels and coefficient measuring differences in the structures of …
Persistent link: https://www.econbiz.de/10008549821