The paper is the first part of a broader empirical study that considers the entry timing of accession economies into the eurozone and their exchange-rate regimes between the EU entry and prior to the eurozone entry. The presented empirical analysis is based on model simulations and on the...

The paper presents a shortened version of Finance Minister Jiri Rusnok’s addresses to the lower house of the Czech Parliament in which he sketched the main macroeconomic, political and financial assumptions of the government’s 2002 state budget proposal. As the government’s proposal was...

The paper presents a shortened version of Finance Minister Bohuslav Sobotka's addresses to the lower house of the Czech Parliament in which he sketched the main macroeconomic, political and financial assumptions of the government's 2003 state budget proposal.

Starting from endogenous growth models we test the impacts of both taxes (distortionary and non-distortionary) and expenditures (taking into account economic and functional classification of general government expenditure) using the government constraint. We do not neglect the implicit financing...

The coordination of the economic policies of the EU Member countries started in the early 90´ s has become a permanent feature of the European integration process. Gradually a rather complicated mechanism has evolved aiming to combine and complement policies pursued at EU level with policies...

Finance Minister Pavel Mertlík outlined the principles of 2001 state budget. First he analysed the macroeconomic conditions that influence the state budget ? expected inflation rate, GDP growth the rate of unemployment. Further affecting the state budget arithmetic are the exchange rate of the...

The paper analyzes an important part of the institutional quality - regulation and studies relation between the regulatory environment and the bureaucratic barriers. The analysis is based on theoretical models of the comparative institutional economics. In the paper, we discuss possibilities of...

The article is based on the thesis that institutional quality influences the economic performance. From this point of view under certain circumstance the government policy is able to increase efficiency and performance of economies through creation, maintenance and cultivation of appropriate...

Federation is one type of state characterised by a contractual and constitutional structure, multilevel power redistribution, a written constitution, and duality of power. Federalism is a philosophy and a political instrument enabling a federation to function. The principle of federalism is an...