Getting back to business in emerging Europe (by S. Schadler; pp. 1-6) Keywords real convergence, crisis, fiscal policy … Countries covered New EU Member States Topics Macroeconomic Analysis and Policy The crisis of the euro area and the need for a …

recent economic crisis. Towards that end, a New Keynesian model with price and wage rigidities is used. Results suggest that … responded counter-cyclically during the crisis only in countries with weak trade unions and countries with flexbible exchange …

earlier findings of similar analyses for the NMS. Finally, we analyse differentiated impacts of the recent (2008-2011) crisis … patterns and responses to the crisis. …

-11) Keywords employment, unemployment, recession, crisis Countries covered Czech Republic, Hungary, Slovakia, Slovenia Topics …

before and after the crisis domestic effects and the importance of spillovers from Germany (by Roman Römisch) German firms …

Euro or not? Early lessons from the crisis (by Ch. Wyplosz, pp. 1-4) Keywords euro, EU, crisis Countries covered …

New Hungarian government prescribes bitter medicine (by S. Richter; pp. 1-2) Keywords Hungary, crisis, fiscal … Eastern Europe restructuring and prospects (by J. Poznanska; pp. 3-8) Keywords steel industry, restructuring, crisis Countries …