Politická ekonomie 2019, 67(6):577-592 | DOI: 10.18267/j.polek.1256

Fiskální impuls a pokrizový odhad fiskálních multiplikátorů v české republice

Zdeněk Pikharta
a Vysoká škola ekonomická v Praze, Fakulta financí a účetnictví

Fiscal Impulse and Post-crisis Estimate of Fiscal Multipliers in the Czech Republic

Fiscal policy undoubtedly represents one of the main economic policies of the state influencing the economic cycle. The subject of the article is a discussion of fiscal impulse measurement, which is a necessary condition for long-term optimal counter-cyclical fiscal policy settings. The study distinguishes between the primary effect of the fiscal impulse and the overall impact on the rest of the economy. Thus, the fiscal multipliers are estimated on Czech data including a specific crisis and post-crisis period. The findings may contribute to optimal fiscal policy settings in various stages of the business cycle.

Keywords: fiscal impulse, fiscal multipliers, business cycle
JEL classification: E32, H30, H62

Received: July 24, 2018; Accepted: May 23, 2019; Published: January 6, 2020  Show citation

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Pikhart, Z. (2019). Fiscal Impulse and Post-crisis Estimate of Fiscal Multipliers in the Czech Republic. Politická ekonomie, 67(6), 577-592. doi: 10.18267/j.polek.1256
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