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European monetary union, optimum currency area and possible effects of slovakia's joining the euro area

Iša, Jan; Okáli, Ivan - In: Politická ekonomie 2008 (2008) 3, pp. 318-344

Slovak Republic entered the ERM II in the end of 2005 whereby it came nearer to its strategic objective - joining the euro area. In this paper we try to answer two questions. Section 1 examines the features and risks of the EMU. Is EMU an optimum currency area and what is the OCA scorecard of...

Persistent link: https://www.econbiz.de/10008754964

Dynamic model of inflation stability based on quantity theory of money

Husár, Jaroslav; Szomolányi, Karol - In: Politická ekonomie 2009 (2009) 1, pp. 48-57

In this paper the stability of an inflationary process is examined. A dynamic model of the inflation has been developed … based on the quantity theory of money. Some theorists say that any rate of inflation other than zero is inherently instable …. They say that as people become aware of the fact of continues inflation, however slow, they will anticipate inflation and …

Persistent link: https://www.econbiz.de/10008754967

Estimation of potential product and output gap in slovak conditions

Zimková, Emília; Barochovský, Jaroslav - In: Politická ekonomie 2007 (2007) 4, pp. 473-489

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,...

Persistent link: https://www.econbiz.de/10005036672