EXPANSIVENESS/ RESTRICTIVENESS OF MONETARY AND FISCAL POLICY IN THE CZECH REPUBLIC AND HUNGARY - COMPARATIVE ANALYSIS

2018 ◽  
Author(s):  
Joanna Stawska
Keyword(s):  
Czech Republic ◽  
Comparative Analysis ◽  
Fiscal Policy ◽  
The Czech Republic ◽  
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.

scholarly journals A Comparative Analysis of Fiscal Policy Changes in Selected European Union Countries outside the Eurozone

2019 ◽  
Vol 22 (3) ◽  
pp. 131-143
Author(s):  
Agata Szymańska
Keyword(s):  
European Union ◽  
Czech Republic ◽  
Comparative Analysis ◽  
Fiscal Policy ◽  
Eastern European ◽  
Policy Changes ◽  
The Czech Republic ◽  
Main Indicator ◽  
European Union Countries ◽  
Eastern European Countries

The aim of this article is to investigate the fiscal policy changes in six Central and Eastern European countries outside the Eurozone: Bulgaria, the Czech Republic, Croatia, Hungary, Poland and Romania. The analysis covers the period from 2004 to 2017. The study uses changes in the cyclically‑adjusted primary balance as a main indicator to assess the fiscal policy stance. The results indicate that, in general, over the period from 2004 to 2017, the fiscal stance in these countries was somewhat contractionary.

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

A Comparative Analysis of the Power of Selected European Countries. The Economic Determinants

2021 ◽  
Vol 37 (37) ◽  
pp. 22-42
Author(s):  
Alicja Paluch ◽  
Henryk Spustek
Keyword(s):  
Czech Republic ◽  
Comparative Analysis ◽  
European Countries ◽  
Economic Power ◽  
Strongly Correlated ◽  
The Czech Republic ◽  
Independent Variables ◽  
Economic Sphere ◽  
National Power

The ever-increasing need for in-depth analysis and quantification of the national power, in particular ‘hard’ and ‘soft’ power-generating factors as well as difficulties in identifying a comprehensive and effective method for scientific determination of the national power, have given rise to research in the indicated scientific issues within this article. The presented considerations aim to define the assumptions for a descriptive sub-model that would enable a comparison of Poland’s power in the economic sphere (which is a component of the non-military sphere) with the power of selected European countries. The research hypothesis is that, among the variety of descriptive variables in the economic sphere of the national power, there is a subset of mutually independent variables, at the same time strongly correlated with the national power, which make it possible to define assumptions for the sub-model of the national power. The steps of the research procedure were carried out using the method of system analysis (multi-criteria comparative analysis) and statistical analysis. The research activities undertaken have shown that the factors that are strongly correlated with the national power in the economic area of the European countries adopted for the analysis are: dynamics of industrial production, private sector credit flows and economic freedom index. The comparative analysis carried out demonstrates that the greatest increase in the economic power in the analysed period took place in Germany (0.68). Slightly smaller growth was recorded in the Czech Republic (0.62) and Poland (0.60), while the lowest value of increase was in Romania (0.23). The conducted qualitative comparative analysis of the economic power of selected European countries allowed to conclude that the independent variables identified are crucial for the formation of the economic power of the analysed countries. At the same time, a fairly strong position of the Czech Republic and Poland in relation to the economic power of Germany was found. The performed quantification of the economic power of the European countries provides a basis for the correct determination of changes in the power distribution of political units, assessment of the power and resources held by the state.

scholarly journals Comparative analysis of small and medium-sized enterprises in the Czech Republic

2008 ◽  
Vol 53 (No. 10) ◽  
pp. 479-482
Author(s):  
R. Zuzák ◽  
E. Jirkovská
Keyword(s):  
Czech Republic ◽  
Comparative Analysis ◽  
The Czech Republic ◽  
The Third ◽  
Extensive Survey ◽  
Third Phase ◽  
Entrepreneurial Activities ◽  
Model Enterprise

The contribution presents the findings of the third phase of an extensive survey, the main goal of which was the identification of factors stimulating or restricting the establishment of small and medium-sized enterprises. It comprises the outcomes of the comparative analysis aimed at the comparison of groups of small and medium-sized enterprises and the model enterprise according to areas influencing founders’ entrepreneurial activities.

scholarly journals Competitiveness in the production of selected crops from the perspective of variable costs

2012 ◽  
Vol 50 (No. 11) ◽  
pp. 514-523
Author(s):  
D. Matošková
Keyword(s):  
Czech Republic ◽  
Comparative Analysis ◽  
Sugar Beet ◽  
Profit Margin ◽  
Basic Variable ◽  
The Czech Republic ◽  
Average Figure

This article deals with the issue of Slovakia’s competitiveness vis-ŕ-vis the Czech Republic, Poland, Hungary, Germany, Austria and France in terms of basic variable costs invested into seeds (planting stocks), fertilisers and chemical protective in the period from 2001 to 2003. In addition to these costs, the article also compares total revenues, profit, effect of inputs into production and the variable costs profit margin. This comparative analysis uses data published for 2002. While the data for years 2001 and 2003 for Slovakia and the Czech Republic are actual, those for other countries have been simulated. The basic variable costs per tonne of the produced crop (average figure for 2001 and 2003) in Slovakia are lower, i.e. it is competitive in the production of cereals, sunflower and sugar beet vis-ŕ-vis the observed EU-15 countries, barley, sunflower and sugar beet vis-ŕ-vis the Czech Republic, wheat and barley vis-ŕ-vis Poland and barley vis-ŕ-vis Hungary.

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