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...

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 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...