Politická ekonomie, 2001 (vol. 49), issue 3

Articles

Česká ekonomika 2001: akcelerace růstu

Czech economy in 2001: acceleration of growth

Kamil Janáček, Eva Zamrazilová, Vladimír Tomšík

Politická ekonomie 2001, 49(3) | DOI: 10.18267/j.polek.313

Economic growth accelerated in 2001 mostly as a consequence of renewed recovery of domestic demand, gross fixed capital investment being the main pro growth factor. Industry, construction and retail trade showed a solid growth around 5 %. Along with economic growth, external imbalance has begun to threat, again. Both the deficits of trade balance and current account increased considerably as a consequence of the oil price and growing domestic demand. The economy generated trade deficits even in the period of deepest recession. A small open economy is prone to suck in imports whenever economic growth accelerates. A contributing factor is the high import...

Monetaristický pohled na vývoj české ekonomiky

Monetarist view at development of the czech economy

Jan Kubíček

Politická ekonomie 2001, 49(3) | DOI: 10.18267/j.polek.314

The paper examines whether basic monetarist conclusions can be used for explaining the devolopmnet of the Czech economy in the late nineties. Firstly velocity of money is empirically documented and classical quantity equation is applied while using redefined monetary aggregates. It is found that neither the velocity of money nor the character of inflation in the Czech Republic is in contradiction with monetarist theory. Relationship between M1 and M2 on one side and domestic demand on the other is examined in more detail on quarterly data. Influence of the interest rates and unemployment is included in the analysis. Finally simple models of trade and...

Index měření peněžní zásoby v podmínkách České národní banky

Measurement index of money reserve in conditions of the Czech national bank

Helena Horská

Politická ekonomie 2001, 49(3) | DOI: 10.18267/j.polek.315

The monetary literature over the past thirty years has been filled with published claims of paradoxes, such paradox of

Finanční aspekty čtyř regionálních krizí 90. let

Financial aspects of regional crises during the 90's

Jiří Fárek, Jaroslav Foltýn

Politická ekonomie 2001, 49(3) | DOI: 10.18267/j.polek.316

This article provides assessment of the four regional crises during the second half of 90's, i. e. the first and second crises in Latin America (1994 - 1995 and 1998 - 1999) together with the prolonged crisis in Asia (1997 - 1999) and still unresolved outbreak of latent turmoil of Russia (1998 beyond). Summarizing financial flows and capital /monetary instability, the analysis shows that they have represented not only

Dílčí integrace: přehled a výsledky časových řad v těžebním sektoru

Fractional integration: an overview and results on mining sector time series

Stefano Mainardi

Politická ekonomie 2001, 49(3) | DOI: 10.18267/j.polek.317

Many empirically observed time series, even when behaving as stationary processes (eventually after differencing), exhibit characteristics of extremely high persistence. Unit root tests and autocorrelation functions do not always provide unequivocal indications regarding long-run dynamic properties of these variables. This paper sets off by considering theoretical and applied developments in this field. Log-spectrum regressions, complemented with alternative estimation techniques, is applied to analyse variables of concern to the mining sector in South Africa, covering different periods and frequencies. Most of the variables are found to be fractionally...

Consultations

Merkantilismus v habsburské monarchii s důrazem na české země

Mercantilism in the monarchy of the habsburgs with emphasis on czech lands

Ilona Bažantová

Politická ekonomie 2001, 49(3) | DOI: 10.18267/j.polek.318

The

Ekonomické myšlení Tomáše Akvinského

Economic thought of Thomas Aquinas

Tomáš Sedláček

Politická ekonomie 2001, 49(3) | DOI: 10.18267/j.polek.319

Thomas Aquinas has contributed to the questions currently studied by economists more than the standard history textbooks reflect. He has been developing ideas that were later on highlited by such economists as Adam Smith, David Hume and others. This study attempts to understand the contribution to economical thought that Thomas Aquinas has made in the areas of ethics, methodology, ownership rights, just price and social solidarity. This paper also contains a selection of his philosophical views that later on influenced the developement of economic thought - arguments againts Platonic idealism and stoicism, antropology, the issue of free will. Here...