COVID-19 CONFIRMS LIMITS OF THE MAGIC QUADRANGLE BEING USED FOR THE ASSESSMENT OF GOVERNMENT MACROECONOMIC POLICY

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26482789%3A_____%2F21%3A10152200" target="_blank" >RIV/26482789:_____/21:10152200 - isvavai.cz</a>
Result on the web
<a href="https://www.mup.cz/data/files/IFRS2021-sbornik.pdf" target="_blank" >https://www.mup.cz/data/files/IFRS2021-sbornik.pdf</a>
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
COVID-19 CONFIRMS LIMITS OF THE MAGIC QUADRANGLE BEING USED FOR THE ASSESSMENT OF GOVERNMENT MACROECONOMIC POLICY
Original language description
The Magic quadrangle is used as a complex indicator intended to measure the success of government macroeconomic policy. The decisive criterion for such assessment is the size of the area of the quadrangle amidst the values of 4 macroeconomic indicators entered, namely economic growth, price level, unemployment and current account balance. The larger area of the quadrangle should reflect an overall more successful policy and the construction of the Magic quadrangle serves this purpose. Historical examples show that the assessment of government macroeconomic policy based on the Magic quadrangle has limits and the situation caused by COVID-19 confirms that the whole concept may be misleading or even wrong.
Czech name
—
Czech description
—

Publication year
2021
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Conference Proceedings 9th International Scientific Conference IFRS: GLOBAL RULES & LOCAL USE- BEYOND THE NUMBERS
ISBN
978-80-7638-027-1
ISSN
—
e-ISSN
—
Number of pages
14
Pages from-to
80-93
Publisher name
Metropolitan University Prague Press & Anglo-American University
Place of publication
Praha
Event location
Praha
Event date
Sep 7, 2021
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
—

Similar results(10)