The purpose of this paper is to create a financial fragility model for the Czech financial sector. We adapt the Goodhart-Tsomocos model which is based on general equilibrium with incomplete markets, money and default. The calibration of the model is based on publicly available data from the...

The paper attempts to analyse the effects of the cumulated public sector debt (in this relation essentially government debt and family debt), primarily on the development of the population´s standard of living. In this regard, the paper quantifies the impact of debt on the real standard of...

While the significance of tourism for the Czech Republic's economy is relatively high, it is far from being the dominant industry. Despite the recent substantial investments in this particular field of economic activity, the share of tourism in the gross value added has been steadily declining,...

This paper uses as its point of departure a hypothesis that support to renewable sources by means of various subsidies, regulatory measures and tax changes is implemented not only in costlier energy, but also (given various new forms of economic pressure) in those areas of human activity that...

The study brings a new approach to the problem of the currently low use of financial rehabilitation methods in Czech economic reality. We examine several aspects of this problem, but consider the main problem to be the fact that entrepreneurial subjects enter into insolvency proceedings with a...

The issue of ageing is usually understood as a cultural and social problem in the developed countries. When addressed by economists, demographic questions are most frequently related to the pension reform or to the costs of healthcare. However, the effects of demographic change on productivity...