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...

Edited by František Turnovec, a 52-page booklet containing a wealth of general information and economic facts and forecasts by a team of CERGE and EI economists.

The annual CERGE-EI economic survey of the Czech Republic provides an overview of the country's recent economic and political developments, as well as its major institutions, business environment, taxes, and other public policies. It also contains a host of data on the Czech Republic and other...

Edited by František Turnovec, the Director of CERGE, and including contributions from several CERGE and EI economists, this 64-page booklet continues the tradition of the 1996 publication (see below). Its chapters cover various areas of the Czech economy (macroeconomy, microeconomy, foreign...

As it used to happen in the past years, CERGE-EI's annual summary was published in December 2001. Dr. Jan Hanousek, Director of CERGE-EI, and Dr. Lubomír Lízal, Deputy Director for Research were this year's editors. All articles were written by members of CERGE-EI faculty and researchers,...

After the turbulent post-election political development in the second half of 2006, the new government set out to implement a series of reforms. The annual CERGE-EI economic survey of the Czech Republic, edited by Dr. Peter Katuscak and Dr. Petr Zemcik, provides a detailed description of the...