The article describes the estimate of potencial output and output gap in the Czech economy on the macroeconomic level for the period 1991 - 1999 and forecasted years 2000 and 2001. Two methods are used. The first is the application of Hodrick - Prescott filter to yearly and quarterly data of...

This article represents a critical response to the paper of J. Kubalčík and R. Zbořil published in Politická ekonomie, 2000, No. 4. It reviews some of the authors' assumptions and conclusions regarding the pension system reform in the Czech Republic. The attention is put on some...