scholarly journals The Blundered Strategy of Euro Adoption in the Czech Republic: A ”Pre-crisis“ Retrospective

2013 ◽  
Vol 13 (3) ◽  
pp. 132-145
Author(s):  
Vladislav Flek
Keyword(s):  
Czech Republic ◽  
Economic Policies ◽  
Convergence Criteria ◽  
Eurozone Crisis ◽  
Short Term ◽  
The Czech Republic ◽  
Euro Adoption ◽  
Short Term Forecasting ◽  
Forecasting Errors

Abstract The commitment to join the eurozone in 2009-2010 was rejected by Czech Republic in 2006 at a time when signs of the eurozone crisis were not yet apparent. Nor did the prospects of failure to fulfil any of the Maastricht Convergence Criteria have any realistic basis. Real or alleged difficulties in meeting the Maastricht Convergence Criteria and attaining economic alignment with the eurozone did not serve as a mobilization factor for economic policies. Instead, these issues were perceived to offer an objective reason against euro adoption within the declared timeframe. The official stance against the euro was partly based on serious analytical and short-term forecasting errors, if not on deliberate manipulations, including an overemphasised misalignment of the Czech economy with the eurozone.

scholarly journals The Fiscal Compact and the European Constitutions: ‘Europe Speaking German’

2012 ◽  
Vol 8 (1) ◽  
pp. 1-7 ◽  
Author(s):  
LB ◽  
JHR
Keyword(s):  
European Union ◽  
Czech Republic ◽  
Monetary Union ◽  
Euro Area ◽  
Economic And Monetary Union ◽  
Economic Policies ◽  
The European Union ◽  
The Czech Republic ◽  
The United Kingdom ◽  
Fiscal Compact

In between the writing of this editorial and the publication of this issue of EuConst, the Treaty on Stability, Coordination and Governance in the Economic and Monetary Union, in everyday parlance the ‘Fiscal Compact’, will have been signed by the representatives of the governments of the contracting parties — the member states of the European Union minus the United Kingdom and the Czech Republic. The Fiscal Compact is intended to foster budgetary discipline, to strengthen the coordination of economic policies and to improve the governance of the euro area.

scholarly journals Implementation of R&D Results and Industry 4.0 Influenced by Selected Macroeconomic Indicators

2019 ◽  
Vol 9 (9) ◽  
pp. 1846 ◽  
Author(s):  
Jena Švarcová ◽  
Tomáš Urbánek ◽  
Lucie Povolná ◽  
Eliška Sobotková
Keyword(s):  
European Union ◽  
Czech Republic ◽  
Industry 4.0 ◽  
Economic Recession ◽  
Economic Policies ◽  
Close Link ◽  
The Czech Republic ◽  
Macroeconomic Indicators ◽  
The Business Cycle ◽  
The Impact

Successful timing of INDUSTRY 4.0 projects in businesses can be disrupted by the coming of a recession. The authors assume a close link between INDUSTRY 4.0 and research and development (R&D) projects. R&D projects are statistically internationally monitored and have a significant impact on European Union economic policies. This article explores the impact of the two economic recessions in 2009 and 2012–2013 on the number of R&D entities and human resources involved in R&D in the Czech Republic. The method of multivariate statistics with dummy variables was used. Research has shown that different sectors (business sector, government sector, higher education sector, and non-profit sector) show a different development of the number of R&D entities in times of economic crisis. The research findings indicate that current European Union grant support, tax relief, and other specific factors appear to be more important for the development of R&D projects in the Czech Republic than the effects of economic recession. In terms of longer time horizons, however, the effects of the business cycle cannot be ignored. In order to predict economic development, enterprises and other subjects can use leading macroeconomic indicators.

scholarly journals Analysis of Consumption on the Goods and Services Market in the Cybernetic Model of Selected Country

2019 ◽  
Vol 61 ◽  
pp. 01021
Author(s):  
Pavel Rousek
Keyword(s):  
Czech Republic ◽  
Theoretical Basis ◽  
Consumption Function ◽  
Short Term ◽  
Cybernetic Model ◽  
The Czech Republic ◽  
The Real ◽  
Goods And Services

The paper analyses the consumption on the goods and services market in the cybernetic model of Czechia. The theoretical basis is given by the consumption function in the short-term, the macroeconomic multiplier of the two-sector economy and the cybernetic model with the goods and services market. All the above-mentioned theory is applied to the real conditions of the selected country, which is the Czech Republic.

scholarly journals Modelling the first wave of the COVID-19 epidemic in the Czech Republic and the role of government interventions

2020 ◽  
Author(s):  
Ondrej Majek ◽  
Ondrej Ngo ◽  
Jiri Jarkovsky ◽  
Martin Komenda ◽  
Jarmila Razova ◽  
...  
Keyword(s):  
Czech Republic ◽  
Reproduction Number ◽  
Epidemiological Model ◽  
Decision Makers ◽  
Short Term ◽  
Role Of Government ◽  
The Czech Republic ◽  
Government Interventions

In the Czech Republic, the first COVID-19 cases were confirmed on 1 March 2020; early population interventions were adopted in the following weeks. A simple epidemiological model was developed to help decision-makers understand the course of the epidemic and perform short-term predictions. In this paper, we present the use of the model and estimated changes in the reproduction number (decrease from > 2.00 to < 1.00 over March and April) following adopted interventions.

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