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External Imbalance

2000· article· en· W2214978168 on OpenAlexaboutno aff
Eva Zamrazilová

Bibliographic record

VenueEastern European Economics · 2000
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicGlobal Financial Crisis and Policies
Canadian institutionsnot available
Fundersnot available
KeywordsCurrent accountBalance of paymentsEconomicsQuarter (Canadian coin)Capital outflowBalance of tradeCapital accountCapital (architecture)Foreign direct investmentMacroeconomicsForeign capitalRest (music)Monetary economicsInternational economicsCapital formationExchange rateMarket economyFinancial capital

Abstract

fetched live from OpenAlex

This article reviews the events that led to the emergence of external disequilibria in the Czech economy. The first signs of a foreign trade deficit appeared in 1994, but, during 1995, a massive inflow of foreign capital more than compensated for the current account deficit. Beginning in the first quarter of 1996, the decreasing capital inflow was unable to offset the accelerated deterioration of the current account, thus the entire balance of payments ended in debit. These negative tendencies peaked between 1996 and 1997, and, combined with other economic results, induced the government to intervene through two sets of policy initiatives known as package 1 and package 2. The results of these predominantly restrictive measures were evident by the third quarter of 1997. Since then, the deficit in the current account has been decreasing, while the capital account has undergone several swings. The results of the first quarter of 1998 were encouraging, and the rest of the year confirmed the favorable change in trends. The evolution of foreign trade at the beginning of 1999 demonstrates that external imbalance has ceased to be a macroeconomic priority; the central issue is now the revival of economic growth. We shall analyze in detail each step in the development of the external imbalance. We will attempt to identify basic tendencies for individual stages and to name the major factors leading to these stages. Table I shows basic data regarding the balance of payments, and Figure I helps to visualize the development.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesInsufficient payload (model declined to judge)
Consensus categoriesInsufficient payload (model declined to judge)
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Not applicable · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.823
Threshold uncertainty score0.998

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0030.044

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.020
GPT teacher head0.193
Teacher spread0.173 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; both teacher heads agree on what is shown here.

Study designNot applicable
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations1
Published2000
Admission routes1
Has abstractyes

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