The paper analyses the factors leading to the fall of long-term interest rates in the Czech Republic – respectively, the long-term interest rate differential in the Czech Republic and the Eurozone – between 1998 and 2003. The selection of factors is determined by the Fisher equation, UIP,...

European Union Member States share a common vision of how society should be organised, which is different from other parts of the world. This has come to be known as the European Social Model. According to the widely shared policy consensus in international organisations, one would expect that...