Effectiveness of the monetary policy implemented in the context of crisis: use of short-term interest rate in the Czech Republic and the EMU

The impact of social expenditure on public debt in the Czech Republic and Slovakia

“…Both models were gradually tested for normal distribution of residuals, heteroscedasticity, autocorrelation, multicollinearity and a model specifi cation was conducted as well (Bartóková & Ďurčová, 2015). Regarding testing for normal distribution of residuals, the Jarque-Bera test was applied.…”