Název:
Economic research bulletin (2004, No.2)
Autoři:
Česká národní banka Typ dokumentu: Firemní tisk ISSN: 1803-7089
Rok:
2004
Jazyk:
eng
Abstrakt: First, they look at the cyclically adjusted fiscal balance. Could we expect any contribution of Czech fiscal policy to smoothing macroeconomic fluctuations, or does it in fact display pro-cyclical features? Second, the authors calculate quasi-fiscal deficits caused by the specific costs of economic transition, such as financing enterprise restructuring or cleaning up commercial banks’ balance sheets, which are not officially included in the budgetary system. The issue is to quantify the extent to which the “official” information on overall fiscal outlays is downward-biased. Finally, there is the impact of population ageing, which the central bank must anticipate when assessing the interplay between monetary and fiscal policies. What would happen without immediate reform of the pension and health care system?
Klíčová slova:
ekonomický výzkum; fiskální politika; hospodářský cyklus; monetární politika; business cycle; Czech national bank; economic research; fiscal policy; monetary policy
Práva: Dílo je chráněno podle autorského zákona č. 121/2000 Sb.