Following the collapse of the CMEA, the foreign trade of the countries of Central and Eastern Europe declined drastically with dire consequences for output, incomes and employment in these countries. What options do the former CMEA members have for revitalizing their foreign trade? What...

Europeans have a tendency to call the financial crisis a US problem, or a crisis precipitated by the "Anglo-Saxon" model. The data suggest otherwise. Moreover, the corporate sector in Europe has a much lower capacity to finance investment from internal sources of funds, which implies that a...

The lockdowns and stimulus programmes that governments have adopted to fight the COVID-19 pandemic and the associated economic crisis have affected the distribution of income and production within and between countries. Considering both, current evidence indicates that the EU-wide and global...