In order to assess the growth implications of policy complementarities, this paper applies second-best results to reform indicators. During the transition from central planning to EU integration, which corresponds to a policy cycle, a complementarity index based on structural indicators compiled...

In this paper, we investigate the interactions between public debt and transfer policies in a framework based on Floden [2001], that we extend to allow for transitional dynamics between steady states. First, we show that, starting from a high level of public debt, it is possible to implement a...

This review of the literature presents the main tools and results of research at the crossroads between finance and macroeconomics. The literature seeks to jointly analyze the economic cycle and fluctuations in financial-asset prices.Our article follows this approach:we offer a critical analysis...

The main purpose of this succinct paper consists on bringing to discussion some arguments that oppose to the idea that the capitalization pension system is advantageous under macroeconomic aspect.

This study examines the relationship between the status and seniority of product champions, their cultural context and the ability of product champions to enlist top management support for an innovation project. Based on a sample of 82 French and 101 German champions, this work suggests that the...

Our study focuses on the EU new members, which are transition countries. After a long period of privatization and restructuring, the ownership structure of firms in these countries takes a clearer form. This evolution of ownership structure has a considerable effect on firm performance. In using...