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Recent Advances in Outdoor High-Density Cultivation of Novelty Micro-Algae Strain with High Content of Lipids
Kaštánek, Petr ; Kaštánek, František ; Cepák, Vladislav
The objective of the study was the pilot plant examination of a newly developed integrated process for autotrophic cultivation of useful micro-algae. The process utilizes waste carbon dioxide as a source of carbon and yields simultaneously products that can be utilized in food and cosmetic industries, turned into biodiesel and/or used as a supplement in animal feed. At present, the cultivation of micro-algae merely for the production of biofuels is not economically viable. In the proposed process, the economy is improved by complex utilization of the micro-algae for simultaneous integrated manufacturing of several products that may be priced at different levels. In this way, the overall economy of the process is positive.
Fulltext: content.csg -  PDF
Plný tet: SKMBT_C22012102413390 - PDF
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Economy in Europe and the business cycle
Souček, Jakub ; Brčák, Josef (advisor) ; Srbek, Pavel (referee)
The bachelor thesis deals with the development of the economy of the Czech Republic and compares it with the states of the European Union. The thesis is composed of two parts, theoretical and practical. The theoretical part deals with the main macroeconomic indicators of the economy including gross domestic product, inflation and unemployment. Furthermore, the thesis describes the economic cycle, its phases and types. The theoretical part also contains characteristic of monetary and fiscal policies and their instruments. And in the last part brings informations about the European Union.
The practical part deals with the development of the economy of the Czech Republic from 1993 to 2014.
It describes the economic cycle during the development, by using the annual GDP, rate of inflation
and unemployment rates. Further the thesis also monitors the indebtedness of the Czech Republic, the efficiency
of fiscal and monetary policy and presents hypotheses
of the future development of the czech economy.
In the second half of the practical part compares
the thesis development of economic and the indebtedness
of the Czech Republic with selected countries
of the European Union. Economic development is again compared by using the main macroeconomic indicators.
The last part deals with the efficiency of fiscal
and monetary policies of the European Union and predicts future development of economic in the European Union.
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Fiscal policy and its importance in development of economy
Flídrová, Eva ; Brčák, Josef (advisor) ; Miroslava, Miroslava (referee)
The thesis deals with the impact of fiscal policy on economic development and is divided into theoretical and analytical part. The theoretical part of the thesis describes macroeconomic performance indicators, the operating principles of state economic policy and economic cycle including its phases and his possible causes. Next part deals with the functioning of fiscal policy including its types, measures and problems associated with it. There is also outlined the issue of the formation of the state budget and the public debt. The analytical part is primarily monitored developments in the gross domestic product, unemployment and inflation rates within the reporting period. The following section provides an analysis of state budget and public debt of the Czech Republic, especially in the connection with the development of the budget balance and structure of expenditure and revenue side of the budget. Examined topic is given in correspondence with the fiscal measures undertaken. The thesis is also a comparison of domestic development with neighboring countries and the EU average. Finally there is a synthesis of the ascertain results.
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Economic research bulletin (2007, No.2)
Česká národní banka
This issue of the CNB Research Bulletin is focused on fiscal policy. The first article – by Aleš Krejdl – summarises the different approaches to fiscal sustainability and then applies two of the most widely used indicators – the primary gap and the tax gap – to the Czech fiscal outlook. Another way of addressing fiscal sustainability is to develop generational accounts. This is done – for the first time in the case of the Czech Republic – in the article by Kamil Dybczak. This approach sheds new light on how (un)fair our current fiscal policy is from the intergenerational perspective. The last article – by Alena Bičáková, Jiří Slačálek and Michal Slavík – aims to quantify the impact of labour taxation on labour supply and consequently on the fiscal balance. Again, this is the first time that such an analysis has been performed on the Czech economy.
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Economic research bulletin (2006, No.2)
Česká národní banka
One of the major challenges faced by the central banks of candidate countries for euro adoption is preparation for and a subsequent successful stay in the ERM II regime for at least two years while complying with the exchange rate stability criterion. This issue of the Bulletin points to the results of three papers analysing the prospects for successful sailing to the euro via ERM II as well as the risks that may emerge. Roman Horváth brings some optimism by concluding that the current levels of exchange rate variability and pressures are at the level of the euro area countries before their euro adoption, because a number of the candidates seem to be well aligned with the euro area countries. Aleš Bulíř and Kateřina Šmídková nevertheless warn that the candidates with trend real appreciation may experience problems with exchange rate misalignment in ERM II , especially if they stay longer than the minimum required period and if they accumulate high external debt during the cruise. They conclude that success in passing through ERM II is to a large extent dependent on the general success of the economies, strong economic performance being the key. Since it depends not only on domestic policies, but also on the external conditions, some element of luck is an inevitable part of the whole adventure. Luboš Komárek and Martin Melecký highlight one of the possible approaches to the estimation of the equilibrium exchange rate essential for setting the central parity before entry into ERM II – the behavioural equilibrium exchange rate (BEER ). Their estimates of exchange rate misalignments confirm that periods of low economic activity coincide with periods of an overvalued currency. Potential overvaluation therefore presents a really major risk for ERM II .
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Private finance and public policy
Schinasi, Garry J.
This paper articulates a logical foundation—drawn from disparate literatures—for understanding why safeguarding financial stability is an important economic policy objective. The paper also explains why private aspects of finance provide broader social economic benefits and have the characteristics of public goods. Unique aspects of finance are examined, as are the linkages between finance, money, and the real economy.
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External and fiscal sustainability of the Czech economy: a quick look through the IMF's night-vision goggles
Bulíř, Aleš
The paper presents the rationale for spreadsheet-based debt sustainability assessments. Policymakers can use these exercises in two ways. First, assessments of possible debt developments provide “reality checks” of macroeconomic projections. Second, the financial stability exercise may indicate vulnerability to crises. Empirically, using the IMF debt sustainability template, the paper finds that the external position of the Czech Republic appears sustainable under most plausible history-based scenarios.
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