<abstract xml:lang="en" xmlns="http://www.w3.org/1999/xhtml">The first part of the paper summarizes NPM approaches in public administration reforms in the countries of Central and Eastern Europe (CEECs), and focuses particularly on contracting of public services delivery, outsourcing of supportive services in public organizations and Program (performance) budgeting and performance evaluation and financing. The problems discussed in the first part open a discussion on public management education of civil servants in CEECs with which deals the second part of the paper. The data available clearly indicate that the contents and quality of public management higher education in the three selected countries - Slovakia, Czech Republic and Poland - do not meet the current needs of a modern state.</abstract>

Faculty of Economics, Matej Bel University, Banska Bystrica, Slovakia

Faculty of Economics and Administration, Masaryk University, Brno, Czech Republic

Faculty of Law, University Bialystok, Poland

Does Public Administration Higher Education in CEECs Reflect Demands Created by NPM Reforms?

<abstract xml:lang="en" xmlns="http://www.w3.org/1999/xhtml">The goal of this paper is to determine whether there exist asymmetric shocks and structural differences between the Czech economy and the Euro Area 12. A New Keynesian DSGE model of a small open economy is used for this purpose. Asymmetric shocks and structural differences are examined in two ways. At first, I examine asymmetry of shocks and sources of structural differences, using model comparison based on the Bayes factor. I do not find substantial evidence in favor of heterogeneity in household preferences. I find slight differences in price and wage formation and substantial difference in interest rate smoothing. However, the main differences are in timing, persistence and volatility of structural shocks. I also investigate impact of structural differences and differences in persistence and volatility of structural shocks on the behavior of both economies, using analysis of impulse-response functions. I find no substantial differences in responses of the main variables to preference shocks. On the other hand, I find much larger volatility and persistence of domestic technology shocks. This contributes to the fact that responses of domestic variables to technology shocks are much larger, and display more gradual and hump-shaped pattern than responses of foreign variables. I also find that responses of foreign variables to labour supply shocks are much more gradual and sluggish than responses of domestic variables. As regards monetary shocks, I find that there is almost no response of foreign inflation to foreign monetary shock while response of domestic inflation to domestic monetary shock displays substantial decline followed by gradual recovery. Responses of foreign variables to cost-push shocks are larger and more volatile than responses of domestic variables.</abstract>

Structural Differences and Asymmetric Shocks between the Czech Economy and the Euro Area 12

<abstract xml:lang="en" xmlns="http://www.w3.org/1999/xhtml">The aim of the paper was to evaluate usage of the fiscal instruments (mainly liabilities and fiscal risks management) in present practice of Czech regions. The current practice of fiscal instruments was explored particularly by the means of structured interviews in which representatives of all Czech regions participated. The survey showed different attitudes to debt/liabilities management exercised on the Czech regional level. An active debt management, as defined by the theory, has not been encountered in any of the Czech regions (except for the capital of Prague), although their representatives are convinced otherwise. Risk maps or risk matrixes are not usually created either but the risks connected with the regional budgets are monitored (especially currency risks and interest rate risks) and solved if necessary.</abstract>

Fiscal Imbalance and Fiscal Risks Management on the Regional Level

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Review of Economic Perspectives

Volume 11 (2011): Issue 3 (September 2011)

Does Public Administration Higher Education in CEECs Reflect Demands Created by NPM Reforms?

Structural Differences and Asymmetric Shocks between the Czech Economy and the Euro Area 12

Fiscal Imbalance and Fiscal Risks Management on the Regional Level

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