Using firm-level and individual panel data from 2008-2009, the paper looks at how Hungarian firms combined employment reduction with "softer" measures like short-work and wage cuts, in response to the crisis. The data suggest that the wage distribution remained practically unchanged while hours...

Using firm-level and individual panel data from 2008-2009, the paper looks at how Hungarian firms combined employment reduction with "softer" measures like short-work and wage cuts, in response to the crisis. The data suggest that the wage distribution remained practically unchanged while hours...

This paper was commissioned by DG ECFIN from the EU Commission as part of the "EMU@10" project and is published in Hungarian language by the permission of the EU Commission. The original English language version of the paper is available at:...

Az új EU tagállamok gazdasági folyamatainak szembeötlõ jellegzetessége az egy fõre jutó GDP-ben mutatkozó felzárkózásuk, illetve az ezzel kapcsolatos árszínvonalbeli konvergencia. Amennyiben ez a jövõben is folytatódni fog, akkor az inflációra és árfolyamra vonatkozó...

Nicolas Baudeau (1730-1792) was a theologian, historian and "economist-philosopher" of the second half of the eighteenth century. His name appears in manuals as a popularizer of the ideas of Quesnay and as the founder of the first journal of economics of the Physiocrats, but we are not familiar...

This paper was commissioned by DG ECFIN from the EU Commission as part of the "EMU@10" project and is published in Hungarian language by the permission of the EU Commission. The original English language version of the paper is available at:...

Az új EU tagállamok gazdasági folyamatainak szembeötlõ jellegzetessége az egy fõre jutó GDP-ben mutatkozó felzárkózásuk, illetve az ezzel kapcsolatos árszínvonalbeli konvergencia. Amennyiben ez a jövõben is folytatódni fog, akkor az inflációra és árfolyamra vonatkozó...

Nicolas Baudeau (1730-1792) was a theologian, historian and "economist-philosopher" of the second half of the eighteenth century. His name appears in manuals as a popularizer of the ideas of Quesnay and as the founder of the first journal of economics of the Physiocrats, but we are not familiar...

In our dynamic optimizing sticky price model, agents are heterogenous with regard to their assets and their income. Unanticipated inflation redistributes income and wealth. In order to model the wealth distribution, we study a 60-period OLG model with aggregate uncertainty. A positive technology...

This paper uses imperfect competition as a basis for modelling the export price for an aggregated commodity produced by the Norwegian private mainland economy. The long run solution is analysed using a cointegration technique. The dynamics are modelled according to two different approaches; a...