Macroeconomic Indicators' Relations in the Light of Developmental Changes
Richard Hindls, Stanislava Hronova
Department of Statistics, University of Economics, Prague, Czech Republic

The article analyzes the development of relations of major macroeconomic indicators in the Czech Republic in the last 20 years. It shows what the development of these relations was after a change of ownership in the country in early 1990s. It also discusses how these relations were affected by the economic growth in the years 2000-2007 and the financial and economic crisis in 2008-2010. The paper shows how the key factors are reflected in the relations between the fundamental economic indicators (exchange rate of CZK, trade balance, inflation rate, y-o-y growth of GDP, government deficit, government debt).

Keywords: Financial and economic crisis; GDP; Government deficit; Government debt

Biography: Kozák, J., Hindls, R., Hronová, S.: Retropolation Models of Economical Aggregates. Austrian Journal of Statistics. 2002, vol. 31, no 2&3, str. 189–201.

Handbook on Price and Volume Measures in National Accounts. Luxembourg, Eurostat, 2001.

Aspden, C.: The Revision of the System of National Accounts. What does it change? Statistics Brief, no 13, Paris, OECD, 2007.