This article analyzes the impact and effectiveness of the Mexican labor retraining program for unemployed and displaced workers--Programa de Becas de Capacitacion para Trabajadores (PROBECAT). The strategy followed is to compare the post-training labor market experiences of trainees with those...

This article analyzes the determinants of open inflation in transitional socialist economies, with reference to recent experience in Hungary and Poland. A simple inflation model is centered on the transmission process and on the short-run dynamics of inflation. Further incorporating a number of...

Dismantling subsidies could give rise to serious macroeconomic difficulties in the short run. This article explores a view based on the enterprise sector as a central source and main channel of the stagflation phenomenon, using as an example the stagflation that followed the 1990 stabilization...