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10 Years of Euro: Success?

Nakladatelství: Čeněk Aleš
cena: 290,- Kč
vazba: brožovaná
stran: 320
vyšlo: 2009

ISBN: 978-80-7380-226-4

Anotace

Economic landscape undoubtedly changed in the last year or so. The “great moderation” gave way to a ‘great recession”. Whatever the causes for this turn in short term economic fortunes of many nations, one surmises that many trends and dynamics (so called fundamentals) observed in many world economies in the last decade still exist, albeit hidden in the avalanche of economic news in the last several months. As the Czech economist Karel Kouba pointed out more than 40 years ago, economies are not gymnasiums – jumps, sharp turns and rollovers are the trade of politicians and journalists. For economists these border on illusions spiced with wishful thinking. After all, an economic reality is more like a transoceanic tanker – large, slow, clumsy, with enormous momentum of its own and extremely difficult to turn.