Acta Oeconomica最新文献_第4页

Performances of selected European economies in achieving their inflation targets: The non-stationary discrete choice model approach 选定的欧洲经济体在实现其通胀目标方面的表现:非平稳离散选择模型方法

IF 0.8 4区经济学

Acta Oeconomica Pub Date : 2023-06-20 DOI: 10.1556/032.2023.00012

Milutin Ješić, Zorica Mladenović, Miomir Jakšić

{"title":"Performances of selected European economies in achieving their inflation targets: The non-stationary discrete choice model approach","authors":"Milutin Ješić, Zorica Mladenović, Miomir Jakšić","doi":"10.1556/032.2023.00012","DOIUrl":"https://doi.org/10.1556/032.2023.00012","url":null,"abstract":"Measurement of the performances of inflation targeting (IT) frameworks has been of interest to researchers ever since IT began to be implemented as a monetary policy strategy. The purpose of this paper is to evaluate the impact of domestic and international determinants on success in achieving inflation targets of the selected European economies. Our methodological framework is based on the application of a non-stationary discrete choice model. For this research, four European economies are considered: Czech Republic, Hungary, Poland and Serbia. Their results regarding IT policy can provide a useful benchmark for similar economies that are either planning to adopt the same monetary policy framework or have begun to apply it recently. Our findings indicate that IT success is primarily under the control of monetary policymakers by key policy rate mechanism, but that the impact of additional domestic and international factors that are not easily managed by the central bank like budget balance, exchange rate, growth rate, current account balance, labor cost growth, loans, Harmonized Index of Consumer Prices, inflation, and GDP gap of the Eurozone, can be also significant. Consequently, monetary policymakers need to take into account a wide range of inflation factors, including foreign spillover effects, so that tools for their neutralization can be helpful in achieving the targeted goals.","PeriodicalId":45104,"journal":{"name":"Acta Oeconomica","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2023-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44937303","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Spatiality in freight transport efficiency 货运效率的空间性

IF 0.8 4区经济学

Acta Oeconomica Pub Date : 2023-06-20 DOI: 10.1556/032.2023.00019

Adrienn Boldizsár, F. Mészáros, T. Sipos

{"title":"Spatiality in freight transport efficiency","authors":"Adrienn Boldizsár, F. Mészáros, T. Sipos","doi":"10.1556/032.2023.00019","DOIUrl":"https://doi.org/10.1556/032.2023.00019","url":null,"abstract":"The relationship between economic growth and transport sector is an important and popular topic for researchers, but it also has several untapped areas. To ensure continuous economic growth, it is necessary to answer how and to what extent economic sectors contribute to sustainability; what factors or sets of factors can determine freight performance in a country or region; and how it affects the global economy. This study aims to test the presence of spatial dependence. In this research, the authors looked for the spatial relationships between economic activity (GDP) and freight transport performance using spatial econometric models. The results showed that the spatial impact of freight transport performance and GDP significantly influence each other. The intensity calculation shows that the Baltic States have a high intensity in road freight transport, followed by the Central European region. Eastern Europe, including Russia and the Baltics, are prominent players in rail freight. Furthermore, the spatial econometric models have highlighted that a country with high GDP has some sort of \"suction\" effect on neighbouring countries with lower GDP along with the freight performance. This is especially true for rail freight. In the long run, the outlined results may even support strategic decision-makers in managing the economic impacts of both road and rail freight transport at the regional level.","PeriodicalId":45104,"journal":{"name":"Acta Oeconomica","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2023-06-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49265227","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Determinants of domestic value added in exports of the EU countries 欧盟国家出口中国内增加值的决定因素

IF 0.8 4区经济学

Acta Oeconomica Pub Date : 2023-06-20 DOI: 10.1556/032.2023.00017

Z. Kittová, D. Steinhauser, Kristína Drieniková

引用次数: 0

A simple estimation of the longevity gap and redistribution in the pension system 对养老金制度中寿命差距和再分配的简单估计

IF 0.8 4区经济学

Acta Oeconomica Pub Date : 2023-06-20 DOI: 10.1556/032.2023.00016

A. Simonovits, M. Lackó

引用次数: 1

The role of pension funds in capital market development in the new EU member states: An empirical panel cointegration approach 欧盟新成员国养老基金在资本市场发展中的作用:一个实证面板协整方法

4区经济学

Acta Oeconomica Pub Date : 2023-06-20 DOI: 10.1556/032.2023.00015

Jordan Kjosevski, Mihail Petkovski, Aleksandar Stojkov

引用次数: 0

The redistributive effect of the Hungarian flat tax and family allowance system 匈牙利单一税和家庭津贴制度的再分配效应

IF 0.8 4区经济学

Acta Oeconomica Pub Date : 2023-03-29 DOI: 10.1556/032.2023.00011

J. Krekó, Hanna Erős, Bori Greskovics, Áron Hajnal, Á. Scharle

{"title":"The redistributive effect of the Hungarian flat tax and family allowance system","authors":"J. Krekó, Hanna Erős, Bori Greskovics, Áron Hajnal, Á. Scharle","doi":"10.1556/032.2023.00011","DOIUrl":"https://doi.org/10.1556/032.2023.00011","url":null,"abstract":"The study examines the income redistribution effects of the Hungarian flat-tax and the recently introduced family allowance scheme. They were done on the basis of people's individual data for 2007, 2011 and 2020, which yields more accurate estimates than the previous studies based on aggregate or survey data. Between 2011 and 2013, progressive taxation was abolished, and a flat income tax was introduced, along with a substantial widening of pre-existing family tax allowances. We find that the tax reform has favoured high-income earners and taxpayers with children, while the main losers were low-income and/or childless workers. While the share of family tax allowances is somewhat lower for the high-income deciles, this effect is in practice negligible, therefore the income tax system can still be considered flat. The family tax allowance scheme favours wealthy families with many children over low-income families with fewer or no children. The biggest winners of the scheme are the taxpayers in the top income decile with three or more children: these 22,000 taxpayers (that is, 2% of all recipients) receive 10% of the total amount of the family tax allowance, and almost a third of the credit allocated to families with three or more children.","PeriodicalId":45104,"journal":{"name":"Acta Oeconomica","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2023-03-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46115328","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Monetary and fiscal policies in the EU. Is there a difference between EMU and non-EMU members? 欧盟的货币和财政政策。动车组成员和非动车组成员之间有区别吗？

IF 0.8 4区经济学

Acta Oeconomica Pub Date : 2023-03-27 DOI: 10.1556/032.2023.00006

Danijela Pantović, Aleksandra Fedajev, Isidora Milošević

{"title":"Monetary and fiscal policies in the EU. Is there a difference between EMU and non-EMU members?","authors":"Danijela Pantović, Aleksandra Fedajev, Isidora Milošević","doi":"10.1556/032.2023.00006","DOIUrl":"https://doi.org/10.1556/032.2023.00006","url":null,"abstract":"The COVID-19 crisis has put the European Union's (EU) ability to respond to external challenges to test. It is not a new issue that has arisen due to the current crisis. The global economic crisis of 2008, and, in particular, the sovereign debt crisis of 2010, highlighted the need for institutional, policy and political reform to ensure the stability and long-term sustainability of the EU project. The EU's asymmetric degrees of integration, in terms of Economic and Monetary Union (EMU) and non-EMU members, resulted in a diverse response to the crisis and, more importantly, mixed-effects from monetary and fiscal policies. This study aims to research the impact of monetary and fiscal policies between 2007 and 2015 on economic growth and employment. The findings show that loose monetary policies at the EU, EMU and non-EMU levels boosted economic growth and development. On the other hand, restrictive fiscal policy had favourably influenced GDP and employment by reducing inflationary pressures produced by expansive monetary policy. However, fiscal policy had a greater impact in the non-EMU countries, demonstrating that this policy can act as a stabilizing force in the face of an overly expansive and common monetary policy. In order to respond effectively to the current and future crises, the EU government should overhaul the way monetary and fiscal policy is conducted and coordinated.","PeriodicalId":45104,"journal":{"name":"Acta Oeconomica","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2023-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41781921","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The lonely giant: An overview of the momentous oeuvre of János Kornai 孤独的巨人：János Kornai重要作品概览

IF 0.8 4区经济学

Acta Oeconomica Pub Date : 2023-03-27 DOI: 10.1556/032.2023.00002

L. Csaba

引用次数: 2

Analysis of the inflationary redistribution of consumption and wealth, evidence from Hungary 消费和财富再分配的通货膨胀分析，来自匈牙利的证据

IF 0.8 4区经济学

Acta Oeconomica Pub Date : 2023-03-27 DOI: 10.1556/032.2023.00008

Zoltán Sipiczki, Anett Parádi Dolgos, J. Varga

{"title":"Analysis of the inflationary redistribution of consumption and wealth, evidence from Hungary","authors":"Zoltán Sipiczki, Anett Parádi Dolgos, J. Varga","doi":"10.1556/032.2023.00008","DOIUrl":"https://doi.org/10.1556/032.2023.00008","url":null,"abstract":"Fluctuating prices can cause unintended redistribution of income and wealth, which may be particularly painful to lower income households. Our study examines the indirect effects of this redistribution in an empirical way: it focuses on the capital market distortions of inflation and the disparities in wealth and income. Consumer Price Index (CPI) measures average inflation. However, households feel different inflation rates because their expenditure patterns are different from the ‘average’ patterns. We used the Kruskal – Wallis H test to determine if there are statistically significant differences between low- and high-income households. We calculated alternative inflation rates based on income deciles' different consumption basket. The study finds that households with low income often feel higher inflation than in the actual price indices published by the statistical offices. As our research shows, individuals in different wealth deciles perceive significantly different inflation. Our results also provide important information for economic policymakers, because if social groups perceive different inflation, it modifies the expected behaviour of the population, thereby weakening the economic policy effectiveness of different decisions.","PeriodicalId":45104,"journal":{"name":"Acta Oeconomica","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2023-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45751399","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Testing the Lee-Carter model on Hungarian mortality data 在匈牙利死亡率数据上检验李-卡特模型

IF 0.8 4区经济学

Acta Oeconomica Pub Date : 2023-03-27 DOI: 10.1556/032.2023.00010

Gábor Petneházi, J. Gáll

引用次数: 0