This Country Focus analyses a not frequently studied dimension of the large and persistent regional economic divide in Italy this divide: the performance of exports and their composition. The regional divide in Italy is large also as regards export capability. Besides being much less open than...

This Country Focus discusses the factors underlying the external imbalances in Greece. The deterioration in the lending position of the Greek economy mirrors an increasing gap between savings and investment, resulting from a combination of both rising investment and falling savings. Public and...

Estonia's accession to the EU in 2005 led to a period of above-potential growth, fostered by expansionary monetary conditions. The predominance of foreign-owned banks accelerated the process of financial integration. Financial flows, while massive, were mostly directed at the non-tradable...

The extent to which exchange rate movements impact on consumer prices in a given country depends on a number of micro and macro determinants. This Country Focus discusses the relevance of the theoretical determinants of the exchange rate pass-through to inflation in the case of Slovakia....

This Country Focus analyses and interprets the statistical characteristics of the Polish business cycle. It also identifies leading and lagging variables and shows that the economic fluctuations in Poland differ to some extent from those in other emerging and mature economies, with Polish growth...