. . "EMU a asymetrick\u00E9 \u0161oky: p\u0159ehled fungov\u00E1n\u00ED mechanism\u016F adaptace a zaji\u0161\u0165ov\u00E1n\u00ED" . "EMU and Asymetric Shocks: A Survey of Adaptation and Insurance Mechanisms"@en . . "Z(MSM 275100015)" . . . "We focus on ways in which EMU member countries might deal with asymmetric shocks until the convergence of economic and legal structures gradually eliminates the idiosyncrasies. Upon the discussion of natural adaptation mechanisms such as labor market flexibility and relative price adjustments, we conclude that economic policy might have to step in and help. Since monetary policy may not weigh the regional impacts, fiscal policy comes to a forefront. We argue that the operational room of fiscal policy islimited by the Growth and Stability Pact, and review the propositions suggested in the literature that may help EMU to move from 'fiscal con-federalism' towards fiscal federalism"@en . "14"^^ . "0015-1920" . "Zam\u011B\u0159ujeme se na zp\u016Fsoby, jak\u00FDmi se \u010Dlensk\u00E9 zem\u011B EMU mohou vyrovn\u00E1vat s asymetrick\u00FDmi \u0161oky do doby, ne\u017E konvergence hospod\u00E1\u0159sk\u00FDch a legislativn\u00EDch struktur eliminuje existuj\u00EDc\u00ED idiosynkracie. Pot\u00E9, co diskutujeme p\u0159irozen\u00E9 adapta\u010Dn\u00ED mechanismy jako jsou pru\u017En\u00E9 fungov\u00E1n\u00ED trhu pr\u00E1ce a p\u0159izp\u016Fsobov\u00E1n\u00ED v oblasti relativn\u00EDch cen, konstatujeme, \u017Ee hospod\u00E1\u0159sk\u00E1 politika m\u016F\u017Ee adaptaci na uveden\u00E9 \u0161oky napomoci. Pon\u011Bvad\u017E monet\u00E1rn\u00ED politika nem\u016F\u017Ee br\u00E1t v potaz region\u00E1ln\u00ED dopady, p\u0159ich\u00E1z\u00ED v \u00FAvahu fisk\u00E1ln\u00ED politika. Argumentujeme, \u017Ee opera\u010Dn\u00ED prostor fisk\u00E1ln\u00ED politiky je omezen fungov\u00E1n\u00EDm Paktu r\u016Fstu a stability a uv\u00E1d\u00EDme p\u0159ehled doporu\u010Den\u00ED r\u016Fzn\u00FDch autor\u016F, jak p\u0159em\u011Bnit EMU z %22fisk\u00E1ln\u00ED konfederace%22 na fisk\u00E1ln\u00ED federaci" . . . "RIV/61989100:27510/01:00000618" . . "0"^^ . . "0"^^ . "2"^^ . "10" . "SE - \u0160v\u00E9dsk\u00E9 kr\u00E1lovstv\u00ED" . . . "Mach\u00E1\u010Dek, Martin" . . "2"^^ . . "RIV/61989100:27510/01:00000618!RIV/2002/MSM/275102/N" . "51" . "679326" . "27510" . "EMU and Asymetric Shocks: A Survey of Adaptation and Insurance Mechanisms"@en . "EMU a asymetrick\u00E9 \u0161oky: p\u0159ehled fungov\u00E1n\u00ED mechanism\u016F adaptace a zaji\u0161\u0165ov\u00E1n\u00ED"@cs . "514-527" . . "[3C5EC6525AFE]" . "EMU a asymetrick\u00E9 \u0161oky: p\u0159ehled fungov\u00E1n\u00ED mechanism\u016F adaptace a zaji\u0161\u0165ov\u00E1n\u00ED" . . "Finance a \u00FAv\u011Br" . "Kotl\u00E1n, Viktor" . . "EMU, fiscal policy, Growth and Stability Pact, monetary policy"@en . . "EMU a asymetrick\u00E9 \u0161oky: p\u0159ehled fungov\u00E1n\u00ED mechanism\u016F adaptace a zaji\u0161\u0165ov\u00E1n\u00ED"@cs .