The system of national accounts provides data for economic analysis, especially analysis of business cycle. While properties of time series are continually under discussion, much less formation and predicative ability of the aggregates. Aim of this paper is to contribute to activation of this...

Paper deals with the role of price rigidities in the market process and monetary policy. The costs of price adjustment are inherent in the nature of entrepreneurial behaviour on the market. If price‐setting is based on the decision of actors on a free market, then it is based on the knowledge...

The aim of this paper is to discuss pros and cons of the current ways how the role of government in the society is analysed. In our analysis, macroeconomic aggregates provided by the satellite accounts of the public sector are used as an alternative analytical tool. This data supposedly better...

The purpose of this paper is to examine the self-enforcing nature of business cycle synchronisation in the process of monetary integration. Application of value added concept for description of business cycle and as a indicator of total economic activity is also discussed in the paper

The pension liabilities drew a wide attention due to ageing of population, especially the liabilities originating in the operation of the unfunded scheme (pay-as-you-go). Changing demographic situation and the interest of users gave rise to a request on the provision of a new data aiming to...

The aim of this paper is to discuss the substance of macroeconomic aggregates that are commonly used in empirical research to express the size of government. Although public sector aggregates normally provide a basis for the assessment of the size of government, there are broader aggregates that...

The aim of the paper is to discuss one of the major topical and controversial issues in contemporary statistics, which is the separation of monetary and fiscal operations in national accounts. This issue revolves mainly around the operation of public financial institutions mandated to carry out...

Can tight and centralized financial regulation prevent financial crises? Governments usually respond to financial crises with tightening and centralizing financial regulation. In this paper, we explore the historical parallels between the governmental responses to the financial crises at the end...

Can tight and centralized financial regulations prevent financial crises? Governments usually respond to financial crises with tightening and centralizing financial regulations. In this paper, we explore the historical parallels between the governmental responses to the financial crises at the...