Public Debt Structure and Dynamics in the Czech Republic, Hungary, Poland and Romania

1999 ◽  
Author(s):  
Joanna Siwinska-Gorzelak
2016 ◽  
Vol 61 (4) ◽  
pp. 66-83
Author(s):  
Tomasz Grabia

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.


2017 ◽  
Vol 20 (1) ◽  
pp. 35-51 ◽  
Author(s):  
Joanna Mackiewicz-Łyziak

The aim of this study is to analyze the monetary policy rules in the Czech Republic, Hungary and Poland, with public debt as an additional explanatory variable. We estimate linear rules by the GMM estimation and non-linear rules, using the Markov-switching model. Our findings suggest that in the Czech Republic and Poland the monetary authorities respond to growing public debt by lowering interest rates, while in Hungary the opposite may be observed. Moreover, we distinguish between passive and active monetary policy regimes and find that the degree of interest rate smoothing is lower and the response of the central banks to inflation and/or output gap is stronger in an active regime. In the passive regime, the output gap seems to be statistically insignificant.


2016 ◽  
Vol 19 (3) ◽  
pp. 158-172
Author(s):  
Manuela Raisová ◽  
Ľudmila Pavliková ◽  
Jozefína Semančíková

2020 ◽  
Vol 23 (4) ◽  
pp. 31-44
Author(s):  
Małgorzata Jabłońska

The purpose of this paper is to present a comparative analysis of basic measures that demonstrate the development of R&D in the Visegrad Group countries (Poland, the Czech Republic, Hungary, and Slovakia) in the years 2004–2018. The preliminary analysis of the problem allowed for the formulation of a research hypothesis, which reads: Since becoming a member of the EU, the innovation of the economies of the Visegrad Group countries has improved. The analysis shows that the structure and dynamics of R&D expenditure in these countries are diverse, although the innovation potential of the regions of the Visegrad Group countries is still low compared to the average EU level.


1998 ◽  
Vol 12 (1) ◽  
pp. 7-24 ◽  
Author(s):  
Koupilova ◽  
Vagero ◽  
Leon ◽  
Pikhart ◽  
Prikazsky ◽  
...  

GeroPsych ◽  
2012 ◽  
Vol 25 (3) ◽  
pp. 161-166
Author(s):  
Hana Stepankova ◽  
Eva Jarolimova ◽  
Eva Dragomirecka ◽  
Irena Sobotkova ◽  
Lenka Sulova ◽  
...  

This work provides an overview of psychology of aging and old age in the Czech Republic. Historical roots as well as recent activities are listed including clinical practice, cognitive rehabilitation, research, and the teaching of geropsychology.


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