This paper examines whether terms of trade shocks have an asymmetric effect on private savings in transition economies …

Two central puzzles about social norms are how they are enforced and how they are created or modified. The sanctions …-costly. Problems in creating and enforcing norms are related to which sanctions are employed. We use our analysis of enforcement and …

— unrelated individuals cooperate only if they face economic rewards or sanctions rendering cooperation a self-interested choice … serious shortcomings because it overlooks negative effects of sanctions on human altruism. Sanctions revealing selfish or … greedy intentions destroy altruistic cooperation almost completely, whereas sanctions perceived as fair leave altruism intact …

People can become less cooperative when threatened with sanctions, and researchers have pointed to both 'intentions … investment and, in some treatments, are given the option to threaten sanctions to enforce this return request. The decisions of … amount that is less than the investor requested. When threatened with sanctions this decision becomes least common. In …

A flexible approach to direct inflation targeting is a viable monetary policy choice for transition economies that is … believed to facilitate both the economic transition and the monetary convergence to the euro. Following this assumption, an … analytical model investigating the link between the inflation process and monetary variables in transition economies is advanced …

This study views inflation targeting as a viable regime for more advanced transition economies. A dynamic approach to …

, Poland, Slovakia and Slovenia. The paper is based on the combination of two approaches widely used for transition economies …