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EXPERIMENTAL MACROECONOMICS EVALUATION OF COORDINATION FAVORABLENESS AT AGGREGATE LEVEL

100%

Chytilová H. , Chytil Z.

Ekonomický časopis (Journal of Economics)

2014

tom 62

nr 8

779 – 804

The experimental investigation of coordination issues is experiencing an upswing nowadays in macroeconomics. With the help of an experiment set in the New Keynesian framework of N-player pricing game with monopolistic competition and strategic complementarity inspired by Fehr and Tyran (2001), we address the question of coordination favourableness at the aggregate level. The results of our experimental research indicate that the extent to which coordination is favourable might, under nominal pay-off dominance, be accountable for existing nominal inertia at the aggregate level. As a result, the product might stay below its potential for a longer time, since convergence is decelerated through a strengthened channel of strategic complementarity.

WHAT DRIVES THE STOCK MARKET INTEGRATION IN THE CEE-3?

100%

Výrost T. , Baumöhl E. , Lyócsa Š.

Ekonomický časopis (Journal of Economics)

2013

tom 61

nr 1

67 – 81

In this article, we study the possible explanatory power of macroeconomic factors that may drive the stock market integration between the Czech Republic, Poland and Hungary (CEE-3) and developed countries, using Germany as a benchmark. Our findings suggest that the recent global financial crisis has affected time-varying correlations between certain stock markets more substantially than the entry of the CEE-3 into the EU. The results of our analysis of the effects of these macroeconomic factors were inconclusive. Only our proxy of exchange rate risk was significant in all cases, with positive effects on integration, thus supporting the presence of contagion among different markets.

Transformation of labour resources in Poland 1990-2006

100%

Knapinska M.

Polityka Społeczna

2008

tom 35

nr 2(407)

6-10

The goal of the elaboration is to present, analyze and evaluate tendencies in main economic ratios connected with level, structure and dynamics of labour supply in Poland after 1990. In the first part the size of human resources was presented, in particular it was the population at the working age in relation with the population at the pre- and post-working age. Than the presentation and evaluation of changes in economic activity and level of education in Poland was made. In the next part of the elaboration the attempt was made to evaluate the tendencies in abroad migrations under conditions of Polish accession to the European Union. Finally, labour demand was presented, especially the level and dynamics of the number of employed persons. The main thesis of the elaboration is to present changes in Polish human resources in the last seventeen years taking into considerations demographic conditions and European integration. The main method used in the research was the descriptive statistics

KOMPARATÍVNA ANALÝZA KONKURENCIESCHOPNOSTI EKONOMÍK VYBRANÝCH NOVÝCH ČLENSKÝCH ŠTÁTOV EURÓPSKEJ ÚNIE

75%

Outrata R.

Ekonomický časopis (Journal of Economics)

2012

tom 60

nr 4

371 – 387

This paper outlines the approach to competitiveness analysis of economy on the level of individual catching-up countries. Simultaneously, this approach is verified by application for 6 new EU member states. Nine macroeconomic and six commodity-structural, both qualitative-oriented indicators, create the relevant criteria set for competitiveness assessment. Analysis quantified considerable although differentiated competitiveness gaps in all selected countries. These gaps can serve a starting point for formulating strategic directions in catching-up process, also on the field of competitiveness of given economy.