Zeitschriften und Ausgaben

Volumen 22 (2022): Heft 3 (September 2022)

Volumen 22 (2022): Heft 1 (June 2022)

Volumen 21 (2021): Heft 4 (December 2021)

Volumen 21 (2021): Heft 3 (September 2021)

Volumen 21 (2021): Heft 2 (June 2021)

Volumen 21 (2021): Heft 1 (March 2021)

Volumen 20 (2020): Heft 4 (December 2020)

Volumen 20 (2020): Heft 3 (September 2020)

Volumen 20 (2020): Heft 2 (June 2020)

Volumen 20 (2020): Heft 1 (March 2020)

Volumen 19 (2019): Heft 4 (December 2019)

Volumen 19 (2019): Heft 3 (September 2019)

Volumen 19 (2019): Heft 2 (June 2019)

Volumen 19 (2019): Heft 1 (March 2019)

Volumen 18 (2018): Heft 4 (December 2018)

Volumen 18 (2018): Heft 3 (September 2018)

Volumen 18 (2018): Heft 2 (June 2018)

Volumen 18 (2018): Heft 1 (March 2018)

Volumen 17 (2017): Heft 4 (December 2017)

Volumen 17 (2017): Heft 3 (September 2017)

Volumen 17 (2017): Heft 2 (June 2017)

Volumen 17 (2017): Heft 1 (March 2017)

Volumen 16 (2016): Heft 4 (December 2016)

Volumen 16 (2016): Heft 3 (September 2016)

Volumen 16 (2016): Heft 2 (June 2016)

Volumen 16 (2016): Heft 1 (March 2016)

Volumen 15 (2015): Heft 4 (December 2015)

Volumen 15 (2015): Heft 3 (September 2015)

Volumen 15 (2015): Heft 2 (June 2015)

Volumen 15 (2015): Heft 1 (March 2015)

Volumen 14 (2014): Heft 4 (December 2014)

Volumen 14 (2014): Heft 3 (September 2014)

Volumen 14 (2014): Heft 2 (June 2014)

Volumen 14 (2014): Heft 1 (March 2014)

Volumen 13 (2013): Heft 4 (December 2013)

Volumen 13 (2013): Heft 3 (September 2013)

Volumen 13 (2013): Heft 2 (June 2013)

Volumen 13 (2013): Heft 1 (March 2013)

Volumen 12 (2012): Heft 4 (December 2012)

Volumen 12 (2012): Heft 3 (October 2012)

Volumen 12 (2012): Heft 2 (June 2012)

Volumen 12 (2012): Heft 1 (March 2012)

Volumen 11 (2011): Heft 4 (December 2011)

Volumen 11 (2011): Heft 3 (September 2011)

Volumen 11 (2011): Heft 2 (June 2011)

Volumen 11 (2011): Heft 1 (March 2011)

Volumen 10 (2010): Heft 4 (December 2010)

Volumen 10 (2010): Heft 3 (September 2010)

Volumen 10 (2010): Heft 2 (June 2010)

Volumen 10 (2010): Heft 1 (March 2010)

Volumen 9 (2009): Heft 4 (December 2009)

Volumen 9 (2009): Heft 3 (September 2009)

Volumen 9 (2009): Heft 2 (June 2009)

Zeitschriftendaten
Format
Zeitschrift
eISSN
1804-1663
Erstveröffentlichung
19 Feb 2010
Erscheinungsweise
4 Hefte pro Jahr
Sprachen
Englisch

Suche

Volumen 19 (2019): Heft 2 (June 2019)

Zeitschriftendaten
Format
Zeitschrift
eISSN
1804-1663
Erstveröffentlichung
19 Feb 2010
Erscheinungsweise
4 Hefte pro Jahr
Sprachen
Englisch

Suche

4 Artikel
Uneingeschränkter Zugang

Evolutionary psychology, economic freedom, trade and benevolence

Online veröffentlicht: 26 Jun 2019
Seitenbereich: 73 - 94

Zusammenfassung

Abstract

Our thesis is that the reason many of us today are inclined toward socialism (explicit cooperation) and against laissez-faire capitalism (implicit cooperation) is because the first type of behavior was much more genetically beneficial during previous generations of our species. There is, however, a seemingly strong argument against this hypothesis: evidence from human prehistory indicates that trade (implicit cooperation) previously was widespread. How, then, can we be hard-wired in favor of socialism and against capitalism if our ancestors were engaged in market behavior in past millennia? Although trade which is self-centered and beneficial (presumably mutually beneficial to all parties in the exchange) did indeed appear hundreds of thousands of years ago, benevolence was established in our hard-wiring very substantially earlier, literally hundreds of millions of years ago, and is therefore far more deeply integrated into the human psyche.

Schlüsselwörter

  • Benevolence
  • capitalism
  • evolutionary psychology
  • hard-wiring
  • profit and loss
  • selfishness

JEL Classification

  • Z1
  • Z10
  • Z14
Uneingeschränkter Zugang

The True Nature of the Portfolio Balance Channel of Quantitative Easing Policy

Online veröffentlicht: 26 Jun 2019
Seitenbereich: 95 - 117

Zusammenfassung

Abstract

This paper analyses the effects of the ECB´s Public sector purchase programme (PSPP) on portfolios of the Eurozone investors. The ECB claims that the PSPP works mainly through the portfolio balance channel when the conditions on the asset markets are changed by the presence of a bidding central bank and investors are under those conditions forced to reallocate their portfolio to the state that better corresponds to ECB-changed market conditions and their preferences. This paper incorporates counterfactual analysis approach rather than analysis of direct change of prices and yields of given assets and uses sectoral data regression analysis of asset holdings of different investors in the Eurozone. This study addresses questions regarding size and direction of investors’ reallocations – what types of investors were acting as the main counterparts to the ECB on the market for government bonds and what asset classes were preferred and chosen as an alternative by investors in the Eurozone to reallocate their funds. The series of obtained regression estimates and counterfactual analysis graphic representation answers to questions mentioned above and identifies a nonnegligible effect of the PSPP on the rebalancing of government bond portfolios towards riskier corporate bonds and equities across investor types in major Eurozone countries.

Schlüsselwörter

  • ECB
  • Portfolio Balance Channel
  • Public Sector Purchase Programme
  • Quantitative Easing

JEL Classification

  • E52
  • E61
  • G11
  • E65
Uneingeschränkter Zugang

Criteria for the optimal financing model of public theatres

Online veröffentlicht: 26 Jun 2019
Seitenbereich: 119 - 136

Zusammenfassung

Abstract

The research is part of a wider research problem, whose aim is to find an optimal financing model for cultural institutions in Poland. The purpose of this research is to evaluate the performance indicators of municipal and regional theatres in the context of accessibility to cultural public services. The study forms a verification of previously distinguished indicators of the effectiveness of cultural institutions with a general direction: how to find an optimal financing model of public dramatic theatres. The current research problem is the accessibility of public dramatic theatres in the absence of criteria for the allocation of statutory subsidies. We hypothesise that the absence of criteria for the allocation of statutory subsidies highly diversifies the accessibility of performing arts organisations. The object of study is public dramatic theatres in Poland in the period 2011–2015. We investigated the indicators having an impact on the level of accessibility of public theatres. The statistical methods used allowed us to identify criteria affecting availability. These criteria are recognized in the literature. In addition, we indicate the level of diversification of accessibility by individual public theatres.

Schlüsselwörter

  • accessibility
  • cultural economics
  • effectiveness
  • Hellwig’s methods
  • performing arts organisations

JEL Classification

  • H2
  • H7
  • H18
Uneingeschränkter Zugang

Output gap in the Czech economy: DSGE approach

Online veröffentlicht: 26 Jun 2019
Seitenbereich: 137 - 156

Zusammenfassung

Abstract

This paper presents three measures of the output gap estimated by a dynamic stochastic general equilibrium model of the Czech economy. We argue that the most plausible description of the business cycle provides the output gap defined as a deviation from a flexible price level of output, which is generated solely by permanent growth shocks. Our model shows that 2006-2008 overheating of the economy and the following 2008-2009 slump can be largely attributed to development in a world economy and export and import sectors, while the 2012-2013 recession was caused mainly by a combination of adverse domestic demand and cost shocks.

Schlüsselwörter

  • DSGE model
  • labour market
  • output gap
  • small open economy

JEL Classification

  • C32
  • E32
  • E47
4 Artikel
Uneingeschränkter Zugang

Evolutionary psychology, economic freedom, trade and benevolence

Online veröffentlicht: 26 Jun 2019
Seitenbereich: 73 - 94

Zusammenfassung

Abstract

Our thesis is that the reason many of us today are inclined toward socialism (explicit cooperation) and against laissez-faire capitalism (implicit cooperation) is because the first type of behavior was much more genetically beneficial during previous generations of our species. There is, however, a seemingly strong argument against this hypothesis: evidence from human prehistory indicates that trade (implicit cooperation) previously was widespread. How, then, can we be hard-wired in favor of socialism and against capitalism if our ancestors were engaged in market behavior in past millennia? Although trade which is self-centered and beneficial (presumably mutually beneficial to all parties in the exchange) did indeed appear hundreds of thousands of years ago, benevolence was established in our hard-wiring very substantially earlier, literally hundreds of millions of years ago, and is therefore far more deeply integrated into the human psyche.

Schlüsselwörter

  • Benevolence
  • capitalism
  • evolutionary psychology
  • hard-wiring
  • profit and loss
  • selfishness

JEL Classification

  • Z1
  • Z10
  • Z14
Uneingeschränkter Zugang

The True Nature of the Portfolio Balance Channel of Quantitative Easing Policy

Online veröffentlicht: 26 Jun 2019
Seitenbereich: 95 - 117

Zusammenfassung

Abstract

This paper analyses the effects of the ECB´s Public sector purchase programme (PSPP) on portfolios of the Eurozone investors. The ECB claims that the PSPP works mainly through the portfolio balance channel when the conditions on the asset markets are changed by the presence of a bidding central bank and investors are under those conditions forced to reallocate their portfolio to the state that better corresponds to ECB-changed market conditions and their preferences. This paper incorporates counterfactual analysis approach rather than analysis of direct change of prices and yields of given assets and uses sectoral data regression analysis of asset holdings of different investors in the Eurozone. This study addresses questions regarding size and direction of investors’ reallocations – what types of investors were acting as the main counterparts to the ECB on the market for government bonds and what asset classes were preferred and chosen as an alternative by investors in the Eurozone to reallocate their funds. The series of obtained regression estimates and counterfactual analysis graphic representation answers to questions mentioned above and identifies a nonnegligible effect of the PSPP on the rebalancing of government bond portfolios towards riskier corporate bonds and equities across investor types in major Eurozone countries.

Schlüsselwörter

  • ECB
  • Portfolio Balance Channel
  • Public Sector Purchase Programme
  • Quantitative Easing

JEL Classification

  • E52
  • E61
  • G11
  • E65
Uneingeschränkter Zugang

Criteria for the optimal financing model of public theatres

Online veröffentlicht: 26 Jun 2019
Seitenbereich: 119 - 136

Zusammenfassung

Abstract

The research is part of a wider research problem, whose aim is to find an optimal financing model for cultural institutions in Poland. The purpose of this research is to evaluate the performance indicators of municipal and regional theatres in the context of accessibility to cultural public services. The study forms a verification of previously distinguished indicators of the effectiveness of cultural institutions with a general direction: how to find an optimal financing model of public dramatic theatres. The current research problem is the accessibility of public dramatic theatres in the absence of criteria for the allocation of statutory subsidies. We hypothesise that the absence of criteria for the allocation of statutory subsidies highly diversifies the accessibility of performing arts organisations. The object of study is public dramatic theatres in Poland in the period 2011–2015. We investigated the indicators having an impact on the level of accessibility of public theatres. The statistical methods used allowed us to identify criteria affecting availability. These criteria are recognized in the literature. In addition, we indicate the level of diversification of accessibility by individual public theatres.

Schlüsselwörter

  • accessibility
  • cultural economics
  • effectiveness
  • Hellwig’s methods
  • performing arts organisations

JEL Classification

  • H2
  • H7
  • H18
Uneingeschränkter Zugang

Output gap in the Czech economy: DSGE approach

Online veröffentlicht: 26 Jun 2019
Seitenbereich: 137 - 156

Zusammenfassung

Abstract

This paper presents three measures of the output gap estimated by a dynamic stochastic general equilibrium model of the Czech economy. We argue that the most plausible description of the business cycle provides the output gap defined as a deviation from a flexible price level of output, which is generated solely by permanent growth shocks. Our model shows that 2006-2008 overheating of the economy and the following 2008-2009 slump can be largely attributed to development in a world economy and export and import sectors, while the 2012-2013 recession was caused mainly by a combination of adverse domestic demand and cost shocks.

Schlüsselwörter

  • DSGE model
  • labour market
  • output gap
  • small open economy

JEL Classification

  • C32
  • E32
  • E47

Planen Sie Ihre Fernkonferenz mit Scienceendo