This paper sets up a model to inquire into whether the rise and fall in barter transactions in Russia and other CIS countries during the 1990’s was an involuntary decision resulting from credit rationing or the consequence of firms’ optimal choice. We find that the transmission mechanism of...

Operational monetary policy rules are characterized by a parsimonious specification and are therefore prone to specification error when estimated on real data. I devise a policy rule estimation procedure, which is robust to marginal misspecification, and study the effects of specification error...

This volume is a collection of articles reprinted from top refereed journals and contains the most influential scholarly papers published by CERGE-EI faculty over the past 20 years. An introduction is by Lubomír Lízal, Associate Professor with Tenure at CERGE-EI and member of the Board of the...

Recent work on the following three aspects of labor market transition in the Czech Republic is presented: (i) reallocating workers and jobs from post-communist firms to newly started enterprises, (ii) providing incentives for human capital investment decisions, and (iii) coming to terms with...

This book provides a detailed analysis of the transition experience of Czech workers and students. The first chapter starts with a cross-sectional comparative study of the transition from communist to market wage structures and returns to human capital. The second chapter provides insight into...

The core contribution of this monograph is research on the FDI in the Czech transition economy during 1989 - 2010 based on individual data sets provided by the Czech Statistical Office. The role and effects of FDI are analyzed from various aspects including the mode of entry.

Motivated by the failure of competition to emerge after the natural gas market in the Czech Republic was liberalized, I explore the impact of natural gas storage ownership and upstream competition on the downstream level. I extend standard Cournot models to understand current and likely future...

This paper analyzes the effects of ownership structure on corporate environmental performance and examines the link between financial performance to environmental performance in a transition economy. In particular, it analyzes these ownership effects and this performance link using an unbalanced...

Turnovec (2005) represents the first rigorous attempt to quantify and compare research of economists affiliated with Czech institutions as well as total output by these institutions. In this comment, I reconsider some of his results. My key finding is that a research-accounting methodology that...