Potential of the state to control privatized firms

Privatization, State control potential, Golden share, Strategic firms, D2, G3, H8, L3, P4,

Macroeconomic performance of countries across monetary policy regimes from 2000 to 2017

The goal of the article is to compare macroeconomic performance of 27 advanced and emerging OECD countries through the lens of their monetary policy frameworks. We find no advantage of the euro area countries and countries whose central banks follow a dual mandate in inflation and output stabilisation as compared to full-fledged inflation targeters including strongly inflationaverse central banks. The study contributes to the unresolved discussion on optimal monetary policy after the Great Recession. The novelty relies on employing a synthetic median-based measure adjusted for initial macroeconomic conditions. The failure to account for the initial conditions leads to underestimation of performance of countries with an originally unfavourable economic situation. We verify the results with panel data models using macroeconomic variables of key importance for monetary policy after the Great Recession. Overall, the study suggests that assigning a special role to money or output in a monetary policy strategy is not required for successful macroeconomic performance

Advancing Inflation Targeting in Central Europe: Strategies, Policy Rules and Empirical Evidence

This paper analyses the evolution of inflation targeting policies in Central European countries. The origins of their inflation targeting strategies are examined, above all the commitment to price stability as well as the inability of prior policy regimes to engender financial stability. Recent policy modifications toward greater flexibility of inflation targeting are reviewed and a system of targeting the differentials between the domestic and the euro area inflation forecast is advocated as conducive to achieving euro-convergence

Factors that influence the success of small and medium enterprises in ICT: a case study from the Czech Republic

Small and medium enterprises (SMEs) occupy a large niche in the information and technology sector (ICT) and play an important role in the functioning on any state’s economy. This paper focuses on a specific local market and uses the Czech Republic as a case study in order to establish the success factors crucial for achieving economic success. It aims at determining those factors with the help of econometric success rate models based on the own data collected via the means of questionnaire survey among ICT enterprise. Our results show that the earnings-employee ratio, average revenues and the investment in own R&D play the most important role in the success of Czech SMEs in question. Both, financial and non-financial indicators perform significantly in the predictions of success

Testing similarities of short-run inflation dynamics among EU-25 countries after the Euro

Autoregressive metric, Inflation dynamics, Euro,