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| rdf:type
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| Description
| - In the context of economic crisis re-appears the question of fiscal and monetary policy interaction and implications of this relationship. Many central banks participated on the economic policy which has pure fiscal dimension in the last years. The aim of the article is to evaluate relationship between central bank independence and budget deficit of the OECD member countries in the period 1990–2011. For the evaluation of the chosen relationship will be used indexes of central bank independence de jure, de facto and primary budget deficits. Those indexes will be constructed according relevant legislation, mainly according central bank laws. For the relationship investigation will be used regression analysis of panel data. The aim of paper is to evaluate impact of central bank independence on the primary budget deficits in the case of OECD member countries in 1990-2012 according methodology of Lucotte (2009). The results of empirical part of the paper concludes that more independent central bank can positively influence budget deficits and that higher central bank independence can contribute to grater fiscal discipline of policymakers. In the case that central bank has only one main aim this fact supports lower possibility of misusing monetary policy for short-term monetary aims. More disciplined fiscal policy can finally help to avoid another budget crisis which are current problem of many developed economies.
- In the context of economic crisis re-appears the question of fiscal and monetary policy interaction and implications of this relationship. Many central banks participated on the economic policy which has pure fiscal dimension in the last years. The aim of the article is to evaluate relationship between central bank independence and budget deficit of the OECD member countries in the period 1990–2011. For the evaluation of the chosen relationship will be used indexes of central bank independence de jure, de facto and primary budget deficits. Those indexes will be constructed according relevant legislation, mainly according central bank laws. For the relationship investigation will be used regression analysis of panel data. The aim of paper is to evaluate impact of central bank independence on the primary budget deficits in the case of OECD member countries in 1990-2012 according methodology of Lucotte (2009). The results of empirical part of the paper concludes that more independent central bank can positively influence budget deficits and that higher central bank independence can contribute to grater fiscal discipline of policymakers. In the case that central bank has only one main aim this fact supports lower possibility of misusing monetary policy for short-term monetary aims. More disciplined fiscal policy can finally help to avoid another budget crisis which are current problem of many developed economies. (en)
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| Title
| - Central Bank Independence and Budget Deficits: Coincidence or Causality?
- Central Bank Independence and Budget Deficits: Coincidence or Causality? (en)
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| skos:prefLabel
| - Central Bank Independence and Budget Deficits: Coincidence or Causality?
- Central Bank Independence and Budget Deficits: Coincidence or Causality? (en)
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| skos:notation
| - RIV/61989100:27510/13:86086837!RIV14-MSM-27510___
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| http://linked.open...avai/predkladatel
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| http://linked.open...avai/riv/aktivita
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| http://linked.open...avai/riv/aktivity
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| http://linked.open...vai/riv/dodaniDat
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| http://linked.open...aciTvurceVysledku
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| http://linked.open.../riv/druhVysledku
| |
| http://linked.open...iv/duvernostUdaju
| |
| http://linked.open...titaPredkladatele
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| http://linked.open...dnocenehoVysledku
| |
| http://linked.open...ai/riv/idVysledku
| - RIV/61989100:27510/13:86086837
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| http://linked.open...riv/jazykVysledku
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| http://linked.open.../riv/klicovaSlova
| - central bank independence de jure, central bank independence de facto, budget deficits, panel data (en)
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| http://linked.open.../riv/klicoveSlovo
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| http://linked.open...ontrolniKodProRIV
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| http://linked.open...v/mistoKonaniAkce
| |
| http://linked.open...i/riv/mistoVydani
| |
| http://linked.open...i/riv/nazevZdroje
| - Proceedings of the 11th International Conference Economic Policy in the European Union Member Countries : [18.-20. September 2013, Ostrava]
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| http://linked.open...in/vavai/riv/obor
| |
| http://linked.open...ichTvurcuVysledku
| |
| http://linked.open...cetTvurcuVysledku
| |
| http://linked.open...vavai/riv/projekt
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| http://linked.open...UplatneniVysledku
| |
| http://linked.open...iv/tvurceVysledku
| - Janíčková, Lenka
- Baranová, Veronika
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| http://linked.open...vavai/riv/typAkce
| |
| http://linked.open.../riv/zahajeniAkce
| |
| number of pages
| |
| http://purl.org/ne...btex#hasPublisher
| - Vysoká škola báňská - Technická univerzita Ostrava
|
| https://schema.org/isbn
| |
| http://localhost/t...ganizacniJednotka
| |
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