The work and ideas of the Polish astronomer, mathematician, and economist Nicolaus Copernicus (1473-1543) are worth studying, not only for those who still believe that the Earth is flat but also for anyone interested in intellectual revolutions. Among his achievements is the identification of the real causes of inflation, which has been no less of an intellectual revolution. Copernicus challenged the prevailing idea that our planet was the center of the universe.
Fiscal policy is not just about taxation. And, moreover, the ongoing debates often miss actual numbers. And what are the actual recent fiscal numbers in the Czech Republic? Let’s look into that.
The Institute revised downwards the forecast for 2014 and 2015 to take into account increasingly devastating effects of prolonged military conflict in Donbas.
The Institute for Market Economics publishes a report on fiscal rules, the logic behind their implementation, and history of fiscal rules in several countries. The report also presents
After the general government deficit in Poland reached 7.8% GDP in 2010, at the beginning of 2011 Polish government presented a plan to reduce it to 3% GDP by 2012, a goal which is in line with Maastricht criteria.
There have been talks, for a few months now, about introducing new and stricter fiscal rules in European Union (EU) member-states, which would help reduce the fast piling up of public debt. During the last week of January there was, at last, a public debate about the position of Bulgaria on this issue. The debate was in the form of a round table organized by the Institute for Market Economics called “Fiscal Rules – Alternatives…