Slovakia is one of the countries with the highest and fastest propensity to consume in sector of households. In the development of propensity to consume we can distinguish the period of forced increase in consumer preferencies and the period of voluntary increase. The forced increase was a...

The transformation of the world economy over the past two decades has been manifesting itself in various forms. On the one hand, there is an increasing interdependence of the world economy, which is a manifestation of the depth of the globalization process, mainly thanks to the expansion of...

The efficiency of macroeconomic policies depends on adequate business cycle approximation. Given that potential output and the output gap (the difference between actual and potential output) are not directly observable, their values need to be estimated using alternative statistical, structural,...