23 results on '"hospodářský cyklus"'
Search Results
2. The contributions of the sections (NACE-CZ) to the creation of gross value added
- Author
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BEDNÁŘOVÁ, Monika
- Subjects
Klasifikace sekcí NACE-CZ ,Classification of sections NACE-CZ ,Národní hospodářství ,Economic cycle ,National economy ,Gross value added ,Hospodářský cyklus ,Hrubá přidaná hodnota - Abstract
The aim of this thesis was to evaluate the contributions of the sections (NACE-CZ) to the creation of gross value added. The first part of this thesis described the theoretical concepts relating to national economic gross value added. Analytical processes were used for the calculations, which may be used only if we are dealing with an additive link between individual factors. The sections' contributions to the creation of national eco-nomic gross value added were evaluated in the practical part, on the basis of the proc-esses set forth in the methodology. In the given time horizon, contributions by institu-tional sectors and groups of sections classified according to the level of technology showed a certain dependency on the actual economic cycle. Although the strongest in-stitutional sector is non-financial enterprises, they were the ones most affected during the crisis period, together with government institutions. On the contrary, the financial institution sector showed a strong position during the crisis period. In terms of the grouping of the sections according to the level of technology, the greatest contribution to national economic gross value added is by groups B1 and B2. The influence of the economic cycle was noted in all the groups but, according to the results, group C did not react quite as sensitively as the other groups.
- Published
- 2016
3. Fiscal Behaviour of municipality within Economic Cycle
- Author
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BROŽOVÁ, Lucie
- Subjects
Rozpočtové ukazatele ,Municipal budget ,Budget indicators ,Economic cycle ,Panel data regression ,Hospodářský cyklus ,Panelová regrese ,Rozpočty obcí - Abstract
The aim of this thesis is to identify fiscal behaviour of municipalities in the Czech Republic within economic cycle. The starting point of this thesis is that municipalities do not have the responsibility for macroeconomic stability, unlike the central level of government, and their preference is sustainability of its own budget. Absence of a motivation for implementing the countercyclical policy leads to a consideration that the behaviour of municipalities is rather procyclical. For the analysis there were used datas of 325 municipalities during the time from 2001 to 2014. The research was designed to test the dependence of the budgetary indicator on the output gap. As a method of exploration there was used the panel regression analysis with random effects estimate for help with robust standard errors in the version of White cross-section method. The results confirmed a statistically significant effect of the output gap on the budgetary indicators, tax revenues, tax on personal income from self-employment and capital expenditures. With the growth of the output gap also tax revenues and revenues from taxes on a personal income from self-employment are growing. With the growth of the output gap capital expenditures are declining. These budgetary indicators are developed countercyclical. A statistically significant effect of the output gap on the other budgetary indicators failed to prove. The main hypothesis of this thesis is not rejected. Budgetary behaviour municipalities in the Czech Republic is influenced by the economic cycle. Fiscal behaviour of municipalities in the Czech Republic within economic cycle is countercyclical.
- Published
- 2016
4. The importance of economic factors in reasons of commiting suicides focused on czech citizens aged 15-24 (2015)
- Author
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Machálková, Dana, Barák, Vladimír, and Krebs, Vojtěch
- Subjects
emotion ,economic crises ,suicide ,ekonomická krize ,economic cycle ,students ,youth ,emoce ,studenti ,mládí ,hospodářský cyklus ,sebevražda - Abstract
Bachelor thesis deals with social-pathological phenomenon of suicide. Due to the broad range of the topic, the scope of this work is reduced to the view of high schools and universities students. The main objective of this work is to determine whether young people hold the opinion that a free man who has the right to life should also have the right to die discretionary. Also whether they have ever thought about suicide as a solution of negative economic factors. Finally, compare the difference in opinions on the issue of students from high schools and universities in different years of study and not studying respondents. The theoretical part, which deals mainly with economic factors and the cost of suicide and the practical part where I carry out own research, where I try using the questionnaire to find out the importance of economic factors for respondents. The research says that the economic factors are very important even for students and that there is possibility they would thing about suicide due to these factors.
- Published
- 2015
5. Analysis of the Czech mechanical engineering since 1970 to the present
- Author
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Janoušek, Štefan, Chmelová, Pavla, and Zeman, Karel
- Subjects
Privatizace ,Mechanical engineering ,Economic cycle ,Industry ,Machine tools ,Privatization ,Hospodářský cyklus ,Průmysl ,Strojírenství ,Sanctions ,Sankce ,Obráběcí stroje ,Transformation ,Transformace - Abstract
This thesis aims to analyze the development of the Czech mechanical engineering during the trade cycle from 1970 to the present day. The introductory part establishes the theoretical framework in terms of the definition and history of mechanical engineering along with required macroeconomic identities, trade cycles theories and the transformation process. The second part analyzes and assesses the development of the Czech mechanical engineering in the periods before and after November 1989. First of all, an economic--political and technical framework is established. On the basis of the selected macro-economic and statistical indicators examines and illustrates the influence of recession on the given field. The final section focuses on the current condition of the Czech mechanical engineering. This part also examines the nature of the impact present geopolitical conflicts have on the Czech mechanical engineering. Finally, the thesis summarizes the outcomes and draws the conclusion that the Czech mechanical engineering is influenced by the trade cycle to a greater extent than the rest of the Czech economy. However, the influence varies within the two observed periods. The thesis thus offers a new and detailed view on a branch which has not been given sufficient space in other similar papers.
- Published
- 2015
6. The Migration of Labour in the South Bohemian Region in the Course of the Economic Cycle
- Author
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DVOŘÁKOVÁ, Miluše
- Subjects
commutation ,economic cycle ,vyjížďka a dojížďka ,migrace ,trh práce ,labour market ,hospodářský cyklus ,migration - Abstract
This bachelor thesis deals with issues of the labour migration in the course of the economic cycle including of the influence of migration in the labour market in the South Bohemian region. The opening part of this paper explains characteristics of labour market, unemployment, politics of employment, economic cycle, theory of the labour migra-tion and commutation. The second part of the bachelor thesis describes the South Bohemian region, especially from the economic point of view. This part also involves main migration trends and tendencies of the selected region. The migration is monitored in the period from 2003 to 2013. The commutation is observed in the years 2001 and 2011 on the basic of the statistical data. The last chapter is based on the assessment of the influence of migration to the situation in the labour market in the South Bohemian region.
- Published
- 2015
7. Media Influence on Behavioral Aspects of Individuals in the Time of Economic Growth and Decrease
- Author
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Šulc, Martin, Hubinková, Zuzana, and Kašparová, Eva
- Subjects
mass communication ,Economic cycle ,manipulation in the media ,ekonomický růst ,masová komunikace ,manipulace v médiích ,Hospodářský cyklus ,economic growth - Abstract
The subject of this bachelor thesis is the investigation of media influence on Behavioral Aspects of Individuals in the time of economic growth and decrease. The theoretical part deals with related economic issues, functioning of mass media and a methods of interfernce used by mass media institutes. The practical part continues into the findings of the theoretical part, its goal is, by distributing a questionnaire, finding the level of mass media influence and how the individuals percieve mass media. In the last part of this bachelor thesis are summerized practical recommendations for increasing the public awareness on this very topic.
- Published
- 2014
8. Progress of municipality revenues in Czech republic
- Author
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KREJČÍ, Marta
- Subjects
dotace ,economic cycle ,obce ,municipality ,tax and irrecoverably revenues ,hospodářský cyklus ,daňové příjmy - Abstract
The thesis is focused on the progress of municipality revenues of municipality. There are several posible dependencys on: government sector and on tax revenues. Tax revenues are depend on the law of budgetary distribution of taxes. Tax buoyancy is calculated only for several chosen that are important for municipality budget. There are also considered irrecoverably revenues, wchich adjust the distribution of grands. It dependence on grown province of municipality. Thesis researches period of time between 19982012. Revenues volatility might be caused by amendment (retirement laws or budgetary distribution of taxes) and by economic cycle. Almoust all from kinds of revenues showed more dependency on economic cycle than on changes of government laws. The only exeption is property tax which grew even in time of economic crises becouse of amendment of law 2009.
- Published
- 2014
9. A comparison of the development of regional disparities in the EU countries during the economic crisis
- Author
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Vrbický, Vít, Hasman, Jiří, and Novotný, Josef
- Subjects
economic recession ,ekonomická krize ,economic cycle ,regionální vývoj ,Evropská Unie ,hospodářský cyklus ,regional development ,European Union - Abstract
There are many regional development theories already dealing with development of regional differences and their trends. In the European context is regional development linked with terms like convergence/divergence and related to the basic principles of the European Union Cohesion Policy, which goal is a higher level of integration and compensation of regional differences among member states' regions. Currently is this topic closely associated with last years' significant phenomenon - the economical crisis. The aim of this thesis is to compare the regional development among the European Union member states during the recent economical crisis by analysing regional differentiation on levels NUTS 2 and NUTS. The regional differentiation was calculated using two variability indices (Theil index and the coefficient of variation) and based on the unemployment rate and Gross Domestic Product per capita. Arising from the main hypothesis the bimodality of old versus new member states was partially confirmed, which was more evident using the unemployment rate. Finally the cluster analysis was used to create groups of states on the basis of similarity in the development of differentiation during the crisis. The results didn't show significant dependence according to the proposed hypotheses. The real impact of the...
- Published
- 2013
10. How Financial Markets Assess the State of Major Economies
- Author
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Němeček, Josef, Jílek, Josef, and Czesaný, Slavoj
- Subjects
Fed ,financial markets ,economic cycle ,company results ,trading ,měnová politika ,hospodářské výsledky ,informace ,komodity ,obchodování ,ECB ,akciová analýza ,průzkumy ,tržní konsensus ,stock analysis ,finanční trhy ,investice ,bonds ,ekonomické ukazatele ,hospodářský cyklus ,news ,stocks ,commodities ,market consensus ,monetary policy ,economic indicators ,investments ,dluhopisy - Abstract
In accordance with its main goal, the main thesis shows which published data and indicators contemporary financial markets use to assess the state of major economies and forecast their short-term future development. Using Bloomberg as the primary source, the thesis provides a detailed analysis of the indicators and surveys sought by finance professionals when assessing the performance of the economy in the United States, the euro-zone (with emphasis on Germany) and, in the context of the impact on the global economy and markets, in China and Japan. A preliminary hypothesis about the similarity or closeness between the theoretical view and the practical approach of financial markets has been refuted. Instead, after close scrutiny and detailed analysis, we have established that financial markets put great emphasis on forward-looking indicators and monetary policy. This emphasis was confirmed by a survey of local investors. Using expert opinion and analysis, the thesis charts an overview of select economic indicators and their over- (payrolls, consumer sentiment) or undervaluation (regional Fed activity indexes, CFNAI).
- Published
- 2013
11. The analysis of the state budget of the Czechoslovak Republic between the years 1919 and 1936
- Author
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Gajdošová, Eva, Maaytová, Alena, and Daněk, Tomáš
- Subjects
economic cycle ,Czechoslovakia ,národní důchod ,Československo ,hospodářský cyklus ,státní rozpočet ,state budget ,national income - Abstract
This bachelor thesis deals with state budgets of the interwar Czechoslovak Republic between the years 1919 and 1936. The preamble presents historical and economic context. The second part analyses the budgetary process and presents the most important ideas of the then economists associated with the state budget. Great attention is additionally paid to spendings and revenues of the state budget. The third part contains an analysis of the revenues and spendings of the budget in the specific years 1919, 1920, 1923, 1928, 1933 and 1936. These years were chosen with regard to the economic cycle of the Czechoslovak Republic. This thesis uses available information about national income to create ratios and their annual comparison.
- Published
- 2012
12. The Consumer Price Index and it´s appropriateness for measure of inflation
- Author
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Trčová, Marie, Pfeifer, Lukáš, and Řežábek, Pavel
- Subjects
index spotřebitelských cen ,monetary politics ,economic cycle ,consumer price index ,inflation targeting ,cílování inflace ,hospodářský cyklus ,inflation ,měnová politika ,inflace - Abstract
The target of this bachelor's thesis is comparison of current measurement of inflation, a measurement by consumer price index, with alternative attitudes of measuring of inflation including an identification of their vallue added. Nowadays the maintenance of a stable inflation rate is one of the dominant targets of all central banks in developed countries. The central banks use various instruments of monetary policy to ensure this target. One of the regime of monetary policy that central banks use the most is inflation targeting, more precisely targeting of consumer price index. Unfortunately, this price index carries an amount of disadvantages. At first, I mention predominant discussion about technical imperfections that are caused by the method of it's calculation. Then I focus on monetary - political imperfections of the consumer price index that are caused by the fact that this index ilustrates development of only relatively stable consumer prices, so it's reactions on changes of monetary policy are very weak. After that I carry out an comparative analysis of representative alternative attitudes of measurement of inflation, including a comparison of developement of inflation rate according to these attitudes in USA in last few years.
- Published
- 2012
13. Analysis of the current status of the Czech real estate market and the outlook to year 2016
- Author
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Hrbková, Veronika, Zeman, Karel, and Krebs, Vojtěch
- Subjects
economic cycle ,realitní trh ,hospodářský cyklus ,nemovitostní bublina ,real estate market ,real estate market bubble - Abstract
The goal of this thesis is to analyze the current status of the Czech real estate market and to assess the outlook of the Czech real estate market to year 2016. The analysis will be performed using a strategic outlook as well as a competition benchmark. The prognosis of the future development of the Czech real estate market will be assessed by developing a comprehensive model capturing the development of revenues on the real estate market. From the public policy's point of view, this is a very up-to-date topic to analyze, as the real estate market is an important barometer of economic outlook in any country. The troubles that were brought by the US mortgage crisis have undoubtedly affected the situation on the real estate market in the Czech republic. The theoretical part of this work will characterize used definitions, such as public policy, economic cycle, economic crisis, real estate market, real estate market bubble, mortgage crisis etc. In the analytical part of this work I shall develop a model that captures the development of the Czech real estate market with focus on parameters of realized transactions in the given year and the development of prices. To evaluate the current situation of the market I shall conduct a strategic analysis and the estimated future development will be captured by conducting a regression analysis using historic data to estimate the development to year 2016.
- Published
- 2012
14. The Current Financial Crisis Through the Eyes of the Austrian School
- Author
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Pfeifer, Lukáš, Ježek, Tomáš, and Munzi, Tomáš
- Subjects
Economic cycle ,monetární politika ,hospodářský cyklus ,Monetary policy ,Inflation ,inflace - Abstract
The thesis aims to defend the irreplaceable role of the Austrian business cycle theory in explaining the current financial crisis in the U.S.. Attention is also paid to applied measures of American economic policies and their impact on the elimination of the purification process of the recession. Furthermore, the work deals with the identification of preventive measures, which would reduce the likelihood of the occurrence of economic cycles. Recommendations by representatives of the Austrian School are described as difficult to implement on the basis of number of arguments. In the work are therefore proposed more realistic measures to limit the volatility of the economic cycle, which emanate mainly from the composite price index, which is the subject of this text. The index reflects the price development in all stages of production and should therefore in monetary policy matters replace the current use of price indicators, based on the inflated scale of consumption, taking into account only minimal effects of monetary expansion. The work deals with the calculation of the composite price index for the United States, which used the instrument of Skounsen indicator of gross domestic output. The development of the composite price index in the US is then analyzed and compared with the development of other macroeconomic variables. Based on this examination, we recommend the use of composite price index for monetary policy regime of inflation targeting and the implementation thereof by the Federal Reserve monetary policy.
- Published
- 2011
15. Connection between the economy cycle and the development on the mortgage credit market
- Author
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Kábelková, Lenka, Czesaný, Slavoj, and Mládek, Josef
- Subjects
economic cycle ,mortgage credit ,hypoteční úvěr ,hospodářský cyklus ,monetary policy ,měnová politika - Abstract
The diploma thesis deals with the connection between the economy cycle and the development on the mortgage credit market since 2000 until 2010. Mainly it focuses on the problematic of the effectiveness of the currency policy and on the analysis of the main determinants, which leads to the mortgage crisis. The aim of the thesis is to assess the determinants of the credit cycle and their connection with the development of the economy cycle. The main indicator that influence the credit cycle will be analyzed. On the basis of the gained information I will answer the question whether there should exist some strategy of the state in the field of accommodation and whether the currency policy should be controlled according to same rules or rather discretionally. As for the methodology, the descriptive method, the comparative analysis, the trend line and the technique of the deviations from the trend will be applied.
- Published
- 2011
16. Financial analysis and financial plan of Level Hlinsko, spol. s.r.o
- Author
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Pokorná, Adéla, Marek, Petr, and Hrdý, Milan
- Subjects
finanční pozice ,risk ,economic cycle ,hospodářský cyklus ,riziko ,finanční plán ,financial plan ,financial position ,liquidity ,likvidita - Abstract
Bachelor's thesis focuses on the financial analysis and the financial plan of Level Hlinsko, spol. s. r. o. The methodical part contains particular indicators and techniques used in the practical part to make a complete reflection of the financial situation in the company. The main used sources are economic final accounts for years 2005 -- 2010. The particular financial indicators are compared with the indicators of regional companies for an objective evaluation. Level Hlinsko, spol. s. r. o. is a quite small construction company whose management has not prepared any investment plans. That is the reason why financial plan in the thesis is a kind of subjective opinion supported by the analysis of the construction industry in Pardubice region. The final conclusion reflects the strengths and the weaknesses of Level Hlinsko spol. s. r. o. in SWOT analysis. The construction industry contains many competitors and is really sensitive on the economic cycle. How affected was the company in the critical years 2008 -- 2010 is also showed in this thesis.
- Published
- 2011
17. How the business cycle affects the fertility rate of the Czech and the Slovak Republik?
- Author
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Mihalko, Jan, Houdek, Petr, and Svoboda, Miroslav
- Subjects
Česká republika ,Czech Republic ,economic cycle ,plodnost ,unemployment ,Slovenská republika ,Slovak Republic ,nezaměstnanost ,fertility ,hospodářský cyklus - Abstract
The thesis focuses on fertility development of the Czech and the Slovak Republic during the business cycle expressed in terms of the unemployment rate. The linear regression analysis conducted with the specific panel data of the Czech and the Slovak Republic for the period from 1993 to 2010 proved insignificance of tested relationship. The growth of male unemployment rate by 1 % is associated with 0,005% increase in fertility. Increase in female unemployment rate by 1 % results in an increase in fertility by 0,017%. As can be seen from these results, the fertility of the Czech and the Slovak Republic is counter-cyclical to the economic cycle, which means that the substitution effect decrease in opportunity cost of women during a recession prevails over effects of reduced income. With an increase in both, male and female unemployment increases willingness of individuals to conceive children. Significant variables within this analysis include the marriage rate and intensity of housing, which generally raise the fertility of the Czech and the Slovak Republic in which more children being born in economic crises.
- Published
- 2011
18. Analysis of the Effect of Unemployment on Sick leave
- Author
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Kuhnová, Hana, Houdek, Petr, and Potužák, Pavel
- Subjects
nemocenské pojištění ,economic cycle ,unemployment rate ,průměrná hrubá mzda ,average gross wage ,health insurance ,míra nezaměstnanosti ,sick leave ,zdravotní stav obyvatelstva ,population health ,pracovní neschopnost ,hospodářský cyklus - Abstract
The aim of this work was to evaluate the impact of unemployment and other variables on sick leave in the Czech Republik. For this purpose I used panel data from all regions of the CR between 2001-2009. Using several models, I determined that the economic situation the state has greater influence on absenteeism than the health of the population. It was demonstrate that the inability to work in the CR is procyclical character. If unemployment rises by 1 % the number of cases of sick leave decreases by 1,13 per 100 sickness insured workers. Among other variables representing the economic situation have the highest influence legislative changes leading to a tightening of the payment of sickness benefits and wage compensation and the average gross wage. The compensation is higher and the difference in income is lower, the greater the motivation of patients to stay at home. In the research I was limited to the length of time series and the number of available data, therefore the findings may not be robust.
- Published
- 2011
19. Impact of the business cycle on the car industry development in the Czech Republic and its comparison with the situation in other countries
- Author
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Bartoňová, Iveta, Ševčík, Miroslav, and Zeman, Karel
- Subjects
Government approach ,Automotive industry ,šrotovné ,Economic cycle ,Car scrapping incentive program ,Automobilový průmysl ,hospodářský cyklus ,světová hospodářská a finanční krize ,World economic and financial crisis ,vládní přístup - Abstract
The aim of diploma thesis is the analysis of economic cycle in the car sector in the Czech Republic and the government's approach on this issue. I desribe the global economic and financial crisis in the years 2007 - 2010, which had impact on automotive industry, For comparison, I add approach by government abroad and development of automotive industry, mainly in Germany and the Slovak Republic. The first part consists of theoretical approaches of important economists of the economic cycle, the company in recession and the different approaches to structural policy. Individual approaches are different and unfortunately there is no uniform approach to effective solution of the crisis. The analytical part deals with the beginning of economic and financial crisis along with the impact on the production and sale of three automotive producers in the Czech Republic - Škoda auto a.s., TPCA, Hyundai Motor Czech s.r.o. This impact is compared with the consequences of the crisis at car manufacturers in Germany and the Slovak Republic. Finally comes the assessment of mainly interventionist approaches by governments in the Czech Republic and abroad. Through the efforts to alleviate the ongoing recession in the sector was being set up so-called scrap subsidy that had an impact on the industry in the Czech Republic, even though in our country was his introduction denied.
- Published
- 2011
20. Comparisons of factors of the economic upswing in Japan and China
- Author
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Pospíšilová, Helena, Cihelková, Eva, and Bič, Josef
- Subjects
economic upswing ,Čína ,hospodársky cyklus ,economic cycle ,hospodársky vzostup ,China ,Japan ,economic miracle ,Japonsko ,hospodársky zázrak - Abstract
The goal of this work is to find out and compare the factors of the economic upswing in Japan and Chine, which is also known as the economic miracle. Firstly, it describes the economic cycle and its phases. Secondly, the economic upswing of Japan and China. Then, it describes the factors which supported the economic growth in Japan and China. Finally, it compares these factors, showing both differences and similarities.
- Published
- 2010
21. Financial Crisis and Business Cycle - the analysis of rescue package against crisis in the Czech Republic
- Author
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Urbánek, Martin, Ševčíková, Michaela, and Loužek, Marek
- Subjects
Financial Crisis ,Economic Cycle ,Protikrizové opatření ,Steps against Crisis ,Hospodářský cyklus ,Finanční krize - Abstract
The main goal of my bachelor thesis is to analyze and compare steps against crisis, which were proposed in the Czech Republic to alleviate the effects of the Financial Crisis there. I focus mainly on the National anti-crisis plan and its possible alternatives. The whole analysis is based on available empirical dates. In a theoretical part I deal with current financial and economic crisis from the point of view of economic theory. I focus mainly on the theory of Financial Crisis and the theory of the Business Cycle. In the second part I deal with indicators of current Financial Crisis and I describe the current state of world economy as a result of financial and economic crisis. Then I analyze rescue packages and I focus on some individual steps to mitigate negative impacts of the Financial Crisis in the Czech Republic. Then I describe some potential impacts of those steps to the Czech economy. At last, but not at least I focus on steps, which are the most effective ones from my point of view and I describe their positive effects on the Czech economy.
- Published
- 2009
22. Comparison of the effectiveness of government measures at the time of major depression
- Author
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Látalová, Jana, Ryvolová, Ivana, and Vebrová, Ludmila
- Subjects
financial crisis ,economic cycle ,unemployment ,hospodářský cyklus ,finanční krize ,nezaměstnanost - Abstract
The goal of my work is to compare the Great Depression in the USA to the current depression. I would like to compare the causes, development and government actions to fight both these depressions. My work concentrates at the tools which were used to ''save the economy'' in the USA after the economic breakdown in 1929 and also at the results of using these tools. According to the analysis of individual steps of the New Deal I will try to estimate the effectivity of proposed similar measures supposed to fight the current financial crisis in the USA as well as in the European Union and in the Czech Republic.
- Published
- 2009
23. Actual economic position of USA and prediction to the future
- Author
-
Vlčková, Milada, Janíčko, Martin, and Mikuláštík, Robert
- Subjects
predikce ,economic cycle ,prediction ,gorss domestic product ,hospodářský cyklus ,indikátory cyklického vývoje ,hrubý domácí produkt ,cyclical indicators - Abstract
The aim of this work is to analyse the actual state of the U.S. economy (from the viewpoint of some basic economic indicators). Then I tried to predict a future trend of indicators in the next couple of years. By using statistical data, found at the websites of international organizations ( OECD,IMF etc.), I attempted to estimate the actual position of the U.S economy in the context of phase of economic cycle. Working with coincident, leading and lagging indicators, I was searching for the changes and fluctuations in economic situation. All the indicators I compared with actual real gross domestic product. With the respect for rational economic interpretation, I predicted the tendencies in the economy of the U.S in future time period. For modelling the future situation I used an econometric program GiveWin. Finally I tried to estimate the lenght of the period, in which the indicators will return to their long-term equilibrium.
- Published
- 2008
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