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1

HODNOTENIE FIŠKÁLNEJ A MENOVEJ POLITIKY V ROKU 2005 NA SLOVENSKU

100%
Frank K., Morvay K.
Ekonomický časopis (Journal of Economics)
|
2006
|
vol. 54
|
issue 5
442-456
EN
The economic policy of Slovakia was in 2005 one of the determinants of the contribution to the strong economic growth and to the relatively high level of the macroeconomic equilibration. The formation of the most relevant segments of the macroeconomic policy led not only to the quantitative improvement in macroeconomic equilibration of the economy (public finance deficit, inflation rate) but also to the improvement of the decision-making policy. The ongoing reform of the public finance governance (in the field of fiscal policy) and the inflation targeting (in the field of monetary policy) led to the improvement of the credibility of these economic policy segments.
2

ECONOMIC DEVELOPMENT OF SLOVAKIA IN 2009

61%
Morvay K., Okali I., Gabrielova H., Hvozdikova V., Sikulova I., Frank K., Jeck T.
Ekonomický časopis (Journal of Economics)
|
2010
|
vol. 58
|
issue 6
549-613
EN
After a rather long period of unprecedented economic growth, the Slovak Republic experienced an economic downturn in 2009. The small open economy, with an insufficient domestic market, responded sensitively to the slump in external demand. This was not the first serious destabilization of the Slovak economy, but the first one caused primarily by the external environment. Employment has been hit particularly hard by the recession, even though with a notable delay. The economy began to recover slowly in the first half of 2010; however the signs of recovery appear to differ considerably across sectors. The authors expect fragile recovery to continue further in 2010 (differentiated broadly by sectors), while the labour market development remains troubled. And with a certain time delay, the government's consolidation effort will probably enter this process.
3

HOSPODÁRSKY VÝVOJ SLOVENSKA V ROKU 2007

61%
Okáli I., Frank K., Gabrielová H., Jeck T., Morvay K., Rumpelová D., Šikulová I.
Ekonomický časopis (Journal of Economics)
|
2008
|
vol. 56
|
issue 5
435-476
EN
The balanced positive development of the Slovak economy continued also in 2007 within the economic-political and institutional settings formed by reforms of the former governments. The present left-wing government introduced some slight corrections into the economy, in particular by strengthening the social dimension of using economic results. The positive trends in economic growth, macroeconomic stability and social situation of the population confirm that the corrections of economic reforms have only a partial character and they did not have any impact on the dynamics of the economy in 2007. The rapid economic growth was induced particularly by activities of the foreign investors. On the demand side, mainly growth of household and investment demand as well as growth of net export contributed to the economic growth. The paper deals also with development of production, external economic relations, labour market, monetary policy and public finance.
4

HOSPODÁRSKY VÝVOJ SLOVENSKA V ROKU 2008

61%
Okáli I., Morvay K., Frank K., Gabrielová H., Jeck T., Šikulová I.
Ekonomický časopis (Journal of Economics)
|
2009
|
vol. 57
|
issue 6
524-567
EN
In 2008, preservation of political stability in Slovakia was coupled with continuity in a quite satisfactory economic-policy framework's influence on the real economy. This has been reflected in GDP growth rate surpassing 6%, in the employment rate growing by 3.2% and real wages growth totalling to 3.3%, while at the same time Slovakia has managed to comply with all nominal convergence criteria, meeting the levels required for the Euro zone accession (from 1 January 2009). However, in consequence of the upcoming global economic crisis, the last quarter of 2008 brings a turnabout in the positive development trends also as regards the Slovak economy. Extremely open economy of the SR and its vulnerability to swings in the business cycle of the world economy eventuates in the fact that after an era of successful economic development in 2005 - 2008, the Slovak economy faces the most serious recession since its transformation depression (at the beginning of 90s) and that its recession will be one of the deepest among the EU countries, too. The article predicts GDP contraction by 6 - 7.5% in 2009, unemployment rate swelling to 11.2 - 12.5% and disinflation as a probable attendant phenomenon of the recession.
5

HOSPODÁRSKY VÝVOJ SLOVENSKA V ROKU 2004 (ŠTÚDIA BOLA VYPRACOVANÁ NA POŽIADANIE EURÓPSKEJ HOSPODÁRSKEJ KOMISIE OSN)

61%
Okáli I., Frank K., Gabrielová H., Kormanová Ľ., Morvay K., Outrata R.
Ekonomický časopis (Journal of Economics)
|
2005
|
vol. 53
|
issue 5
451-498
EN
The main features of the economic development of the Slovak Republic in the year 2004 are as following: strengthening of the quite respectable dynamic growth from the previous years; maintaining macro-economic stability above its average level being achieved in the whole period of the Slovak economy transformation. Positive features which are reflected not only in the values of macro-economic development indicators, but also in the improving results of corporations' business activities, are not sufficiently projected into a social situation of population.
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