scholarly journals Monetary and Fiscal Policy Interactions in the Czech Republic

Systems ◽  
2018 ◽  
Vol 6 (2) ◽  
pp. 25
Author(s):  
Pavel Rezabek ◽  
Petr Doucek
Keyword(s):  
Czech Republic ◽  
Fiscal Policy ◽  
The Czech Republic ◽  
Policy Interactions ◽  
Monetary And Fiscal Policy

scholarly journals Integration of Monetary and Fiscal Policy of the Countries of the Visegrad Group

2014 ◽  
Vol 14 (3) ◽  
pp. 197-213
Author(s):  
Stanislav Kappel ◽  
Jan Janků
Keyword(s):  
Monetary Policy ◽  
Czech Republic ◽  
Fiscal Policy ◽  
Successful Implementation ◽  
The Czech Republic ◽  
Conflict Situations ◽  
Wide Range ◽  
Monetary And Fiscal Policy ◽  
Visegrad Group

Abstract The aim of this paper is to evaluate mutual interaction of monetary and fiscal policies in the countries of the Visegrad group, i.e. in the Czech Republic, Slovakia, Poland and Hungary. The relationship of monetary and fiscal policy - their coordination, cooperation or mutual antagonism - are basic determinants of successful implementation for economic policy of the state. Fiscal and monetary policies usually have different aims, and some conflict situations may arise in practical economic and political decision- making. Each policy has to make its decision with regard to the other one. Methodical approaches of this contribution are based on the game theory, which deals with the analysis of a wide range of decision situations with more participants (players) and it is primarily focused on the conflict situations. This game-theoretical approach is responsible for creating the theoretical model which is then dealt with in the empirical analysis. We find a distinctly stabilizing role of monetary policy and relatively problematic stabilizing role of fiscal policy in the analyzed countries. The dominant role of monetary policy is statistically confirmed in the case of the Czech Republic and Hungary.

Fiscal Policy in the Czech Republic Under Transition

1995 ◽  
Author(s):  
Pavel Stepanek ◽  
Vera Uldrichova ◽  
Drahomira Vaskova ◽  
Vera Kamienickova ◽  
Milena Horcicova
Keyword(s):  
Czech Republic ◽  
Fiscal Policy ◽  
The Czech Republic

Selected elements of fiscal policy in the Visegrad Group Countries

2016 ◽  
Vol 61 (4) ◽  
pp. 66-83
Author(s):  
Tomasz Grabia
Keyword(s):  
Czech Republic ◽  
Fiscal Policy ◽  
Eastern Europe ◽  
Public Debt ◽  
Central And Eastern Europe ◽  
The Czech Republic ◽  
Public Finances ◽  
Visegrad Group

The article discusses key problems of fiscal policy in four selected countries of Central and Eastern Europe (Poland, the Czech Republic, Hungary and Slovakia) in years 2001—2014. The analysis covers, among others, indicators of public debt and its determinants, as well as indicators of budget revenues and expenditures. The article points out that public debt increased in all the studied countries in the analysed period. Both structural and cyclical deficits were responsible for its build-up. The country with the best state of public finances was the Czech Republic. Although the situation improved from 2011 Hungary had the highest level of debt in relation to GDP. That country was also characterized by a degree of fiscalism, measured by both budget revenues and expenditures in relations to GDP, much higher than those for other countries.

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