CCC COUNCIL ON CZECH COMPETITIVENESS
RADA PRO ČESKOU KONKURENCESCHOPNOST

Stability

Monday, 28 September 2009 22:02
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Fiscal Policy Netherlands Austria Czech Republic Hungary Slovakia Poland Bulgaria
Total Sum 11,60 11,25 7,36 4,20 8,84 7,02 4,65
Total Score 1,66 1,61 1,05 0,60 1,26 1,00 0,66
Fiscal Policy Netherlands Austria Czech Republic Hungary Slovakia Poland Bulgaria
National % EU avg.* National % EU avg.* National % EU avg.* National % EU avg.* National % EU avg.* National % EU avg.* National % EU avg.*
STABILITY
Exchange Rate Stability, 2006-2008 0,031 2,18 0,031 2,18 0,078 0,87 0,111 0,61 0,031 2,18 0,038 1,81 0,109 0,62
HICP, December 2008 105,07 1,04 107,44 1,01 111,10 0,98 118,97 0,92 111,44 0,98 109,40 1,00 131,22 0,83
Sum 3,22 3,19 1,85 1,53 3,16 2,81 1,45
Score 1,61 1,60 0,93 0,77 1,58 1,40 0,73

* The percent of EU average is the index of the country's score against the average score for all EU countries.

Source: National sources, Eurostat, IMF, European Central Bank.

Last Updated ( Friday, 02 October 2009 14:32 )  

Fiscal / Monetary Policy

Indicators

Policy Learning Points

  • Access-to-credit policies have been good to date. The country’s traditional approach to banking may serve as a model for the new financial system. Of course, the current crisis may require more active intervention to ensure that this traditional approach provides enough credit to keep the economy functioning well.
  • Over the past two years, the euro has been more stable than the crown. Whether this will hold true for the next decade has to be considered as a principle consdieration as we enter a period when predictability will be a more important competitive advantage than before.

Assessment

We constructed a simple model for determining country performance in every indicator and each area.
 
 Exceeding +.15 meant that the indicator or area was a competitive advantage for the country. These areas are shaded in green.
 
 Performing at +/-.15 of the European average (1.0) meant the country was competitive. These indicators or areas are shaded in blue.
 
 Falling below -.15 of the European average indicated a competitive disadvantage. These areas or indicators are marked in red.

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