scholarly journals Pension reform in the Czech republic: a switch to mixed system with regard for limits of fiscal policy

2008 ◽  
Vol 56 (1) ◽  
pp. 80-101 ◽  
Author(s):  
David Marek
Keyword(s):  
Czech Republic ◽  
Fiscal Policy ◽  
Pension Reform ◽  
Mixed System ◽  
The Czech Republic

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.

scholarly journals Predicted Effects of Chilean Pension Reform Application in the Czech Republic

2015 ◽  
Vol 63 (8) ◽  
pp. 967-989
Author(s):  
Petr Brabec ◽  
Karina Kubelková
Keyword(s):  
Czech Republic ◽  
Pension Reform ◽  
The Czech Republic

scholarly journals Is the Fiscal Policy of the Czech Republic Pro-cyclical?

2015 ◽  
Vol 63 (5) ◽  
pp. 1719-1728
Author(s):  
Martin Rolák ◽  
Martin Cigán
Keyword(s):  
Czech Republic ◽  
Fiscal Policy ◽  
Fiscal Rules ◽  
Output Gap ◽  
The Czech Republic ◽  
Structural Part ◽  
Economic Cycles ◽  
Random Character ◽  
The Business Cycle ◽  
Area Limit

The main goal of this paper is to analyse whether the fiscal policy of the Czech Republic is anti-cyclical. This analysis is carried out through decomposing the government’s balance into its cyclical and structural part. The first differences of the structural part are then put in relation to the output gap to determine whether the fiscal policy is pro- or anti-cyclical. Moreover, the correlation of government expenditures and revenues with the business cycle is also subject of our analysis. We also examine whether the fiscal rules which the Czech Republic would have to adhere to once it enters the euro area limit fiscal policy as a stabilizing mechanism.The paper concludes that the fiscal policy in the Czech Republic was for the most part rather of a random character than anti-cyclical during the examined period 1998–2013. This conclusion has two implications. Firstly, there is still room for improvement in fully and consistently utilizing fiscal policy to stabilise the Czech economy throughout economic cycles. Secondly, fiscal rules would not limit the Czech government to practice anti-cyclical fiscal policy if they have been implemented since 1998.

scholarly journals Rivalry of Advocacy Coalitions in the Czech Pension Reform

2016 ◽  
Vol 9 (1) ◽  
pp. 117-134
Author(s):  
Martin Potůček ◽  
Veronika Rudolfová
Keyword(s):  
Czech Republic ◽  
Pension Reform ◽  
Political Conflict ◽  
Advocacy Coalition Framework ◽  
Defined Contribution ◽  
Advocacy Coalitions ◽  
Advocacy Coalition ◽  
The Czech Republic ◽  
The Public ◽  
Clear Cut

Abstract The Czech Republic, as many other countries of Central and Eastern Europe, faced and is still facing a pension-reform challenge. The diversification of pension pillars led to the massive displacements of participant contributions from the public PAYG pension pillars to the newly constructed private, defined-contribution, fully-funded pillars. In the Czech Republic, the adoption of the relevant law was preceded by serious political conflict between supporters and opponents of this step (both among different political actors and among professionals). In an analysis of the conflict we critically apply the Advocacy Coalition Framework. We work mainly with the analysis of policy documents, public statements of the individual actors and an analysis of voting on the relevant law in both chambers of the Czech Parliament towards the identification of the crystallization process of two clear-cut coalitions between actors from both sides of the spectrum. The Advocacy Coalition Framework in exploring the dynamics of the public-policy process proved to be able to explain situations where there is sharp political conflict. Through the lens of the devil-shift of both camps (advocacy coalitions with different beliefs), each fell into extreme positions within the coalition to affirm the correctness of their arguments and positions.

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