Publication details
Development of the Czech Fiscal Policy in the Transformation Period
| Authors | |
|---|---|
| Year of publication | 2007 |
| Type | Article in Periodical |
| Magazine / Source | The Business Review, Cambridge |
| MU Faculty or unit | |
| Citation | |
| Field | Economy |
| Keywords | Fiscal Policy; Transformation Period; Fiscal Imbalance |
| Description | The subject of this paper is to analyze the development of the Czech fiscal economic policy in the transformation period. The aim of the paper is to prove that the development of the basic Czech fiscal indicators (deficit of the state budget, state debt) has been significantly influenced by the political ideology of current government. Furthermore, the relation between the deficit of the state budget and the state debt will be tested by an econometric model. The econometric model will be used also to assess the dependence between the development of government expenditures and GDP. The second model should verify or disconfirm the hypothesis that Czech governments had used expenditures to increase aggregate demand or the GDP, as the case may be (according to the Keynesian theory). |