Template-Type: ReDIF-Article 1.0
Author-Name: Kamil Janáček
Author-Name: Eva Zamrazilová
Author-Name: Vladimír Tomšík
Title: Česká ekonomika 2001: akcelerace růstu
Title: Czech economy in 2001: acceleration of growth
Abstract: 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 intensity of Czech exports. This type of an economy is, moreover, highly sensitive to changes in the external environment such as in external demand, commodity prices, situation in financial markets, etc., which was confirmed again by strong impacts of the oil price hike.
Keywords: Czech Economy, economic recovery, domestic and foreign demand, trade and current account balance, twin deficit
Volume: 2001
Issue: 3
Year: 2001
File-URL: http://www.vse.cz/polek/313
File-Format: text/html
Handle: RePEc:prg:jnlpol:v:2001:y:2001:i:3:id:313

Template-Type: ReDIF-Article 1.0
Author-Name: Jan Kubíček
Title: Monetaristický pohled na vývoj české ekonomiky
Title: Monetarist view at development of the czech economy
Abstract: 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 of nominal product are presented and the problem of division of nominal changes between inflation and real changes is shortly mentioned.
Keywords: inflation, interest rates, business cycle, monetarism, monetary aggregates
Volume: 2001
Issue: 3
Year: 2001
File-URL: http://www.vse.cz/polek/314
File-Format: text/html
Handle: RePEc:prg:jnlpol:v:2001:y:2001:i:3:id:314

Template-Type: ReDIF-Article 1.0
Author-Name: Helena Horská
Title: Index měření peněžní zásoby v podmínkách České národní banky
Title: Measurement index of money reserve in conditions of the Czech national bank
Abstract: The monetary literature over the past thirty years has been filled with published claims of paradoxes, such paradox of
Keywords: monetary aggregates, Czech monetary policy, index Divisia money, Fisher\'s index number theory, regression analyse, cointegration test
Volume: 2001
Issue: 3
Year: 2001
File-URL: http://www.vse.cz/polek/315
File-Format: text/html
Handle: RePEc:prg:jnlpol:v:2001:y:2001:i:3:id:315

Template-Type: ReDIF-Article 1.0
Author-Name: Jiří Fárek
Author-Name: Jaroslav Foltýn
Title: Finanční aspekty čtyř regionálních krizí 90. let
Title: Financial aspects of regional crises during the 90's
Abstract: 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
Keywords: capital flows, regional crises, financial turbulencies, economic environment, crises transmition
Volume: 2001
Issue: 3
Year: 2001
File-URL: http://www.vse.cz/polek/316
File-Format: text/html
Handle: RePEc:prg:jnlpol:v:2001:y:2001:i:3:id:316

Template-Type: ReDIF-Article 1.0
Author-Name: Stefano Mainardi
Title: Dílčí integrace: přehled a výsledky časových řad v těžebním sektoru
Title: Fractional integration: an overview and results on mining sector time series
Abstract: 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 integrated, with the order tending to be higher than one, thus bearing implications for the analysis of persistence, non-stationarity and cointegration.
Keywords: fractional integration, mineral resources, time series analysis
Volume: 2001
Issue: 3
Year: 2001
File-URL: http://www.vse.cz/polek/317
File-Format: text/html
Handle: RePEc:prg:jnlpol:v:2001:y:2001:i:3:id:317

Template-Type: ReDIF-Article 1.0
Author-Name: Ilona Bažantová
Title: Merkantilismus v habsburské monarchii s důrazem na české země
Title: Mercantilism in the monarchy of the habsburgs with emphasis on czech lands
Keywords: protection tariff, export, improvement of transport network, guild restricts, state manufactures, privileges
Volume: 2001
Issue: 3
Year: 2001
File-URL: http://www.vse.cz/polek/318
File-Format: text/html
Handle: RePEc:prg:jnlpol:v:2001:y:2001:i:3:id:318

Template-Type: ReDIF-Article 1.0
Author-Name: Tomáš Sedláček
Title: Ekonomické myšlení Tomáše Akvinského
Title: Economic thought of Thomas Aquinas
Abstract: 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 his views are compared with Aristotle, Augustine and Thomas Hobbes.
Keywords: methodology, ownership rights, ethics, society, just price, antropology, Christianity, wealth, profit
Volume: 2001
Issue: 3
Year: 2001
File-URL: http://www.vse.cz/polek/319
File-Format: text/html
Handle: RePEc:prg:jnlpol:v:2001:y:2001:i:3:id:319