HomeDespre ECTAEventsPolitica editorialaTrimite un articolParteneri / link-uri utileArchiveAbonamentContact

ISSN 1841-8678   (print)
ISSN 1844-0029   (online)


Archive ECTAP

Note: for the period 1994-2003 the archive of the magazine will not be available online

Supplements ECTAP

If you cannot open the pdf file you need Adobe Reader.
download Adobe Reader

Creative Commons License

Theoretical and Applied Economics
No. 3 / 2016 (608), Autumn

Is real depreciation expansionary? The case of the Czech Republic

Southeastern Louisiana University, Hammond, USA

Abstract. Applying the aggregate demand and aggregate supply model and based on a quarterly sample during 2003.Q1 – 2015.Q4, this paper finds that Czech’s aggregate output is positively associated with real appreciation of the koruna, the real stock price, lagged German real GDP and real wages and negatively influenced by the government deficit as a percent of GDP, the real lending rate and the expected inflation rate. Recent real depreciation of the koruna would not help Czech’s aggregate output, and recent relatively low government deficit as a percent of GDP would raise aggregate output.

Keywords: Exchange rates, Government deficits, Stock prices, Real wages.

Download the full article:  


Open acces




The Economicity. The Epistemic Landscape, Marin Dinu, 2016


ISSN 1841-8678 (ediția print) / ISSN 1844-0029 (ediția online)
© Copyright Asociația Generală a Economiștilor din România / Editura Economică
Redacția: Oficiul poștal 18, Ghișeul 3 - Căsuța poștală 31, București 014820, E-mail:

© 1994-2024 Theoretical and Applied Economics