, Lithuania and Latvia), with the aim of establishing whether the latter are ready to adopt the Euro. The theoretical framework is …

We compare and contrast the economic growth performance of Croatia and Latvia since the collapse of communism in 1991 … and Latvia. The EU perspective made a more significant contribution to growth in Latvia than in Croatia, even if Latvia …

The resurgence of inflation since the late 2021 is now accompanied by a reversal of prospects of growth, reviving fears … of stagflation across the world (IMF 2022, World Bank 2022). In almost all accounts of the mounting stagflation threats a … prominent role is played by the fall of households' purchasing power, and hence consumption, owing to the inflation shock visà …

contemporary evidence of stagflation in developed countries. Being the residual sector, the informal sector inevitably moves in the …

stronger bargaining position when they try to prevent a cut in money wages. If inflation is so low that some money wages have … to be cut, workers stronger bargaining position requires higher unemployment in equilibrium. However, inflation is more … stable when money wage rigidity binds, providing an incentive for monetary policy makers to choose a low target for inflation …

. Therefore, in periods with inflation generous tax depreciation provisions do not adequately promote private investment as … designed, but partly compensate such losses caused by inflation. …

consider the implications of a risk premium that arises from endogenous market segmentation driven by variable inflation rates …. In the absence of autocorrelation in inflation, the risk premium is constant. If inflation is correlated, however, the …

volatility) can have adverse effects on real output, through excessively high and persistent levels of inflation. Lack of … have also become a drag on real output. In order to promote growth, policies should be devised to control inflation; to …

repression in domestic interest rates→to avoid an avalanche of foreign capital inflows that would threaten inflation and asset …