growth and the processes of real convergence of the EU Member base in the last decade. This paper should also provide answers …

important differences, caused by different economic policy and the starting level. The convergence of the Slovak economic level … convergence in Slovakia, which continued fluently after a deep fall accompanying the split of Czechoslovakia. In 2007, the Slovak …

the EU-25 and with the trade-off between the real and nominal convergence. The methodology is based on international …. Chapter 2 deals with the trade-off between the real and nominal convergence. The regression analysis of the comparative price … Republic. The unit labour cost's level comparisons examine the cost/price competitiveness. The perspective of real convergence …

The paper provides an introduction to essays published in this volume, which focus on nominal and real convergence in … transition countries. The paper is based on the idea that the process of convergence can, to a large extent, be viewed via …

krown and shoud play an importent role in the process of convergence. The analysis is based on Eurostat Comext Database. …

consumption. Aggregate consumption plays an important role in macroeconomic fluctuations and in the transmission mechanism. Czech …/Permanent-Income Hypothesis, including a standard model of consumption and incorporating credit supply. We first concluded that credit conditions … have a significant impact on household consumption, and that consumption is acutely sensitive to disposable income. Our …

increase in household consumption. …