A 2008-ban kitört pénzügyi válság ráirányította a figyelmet a mainstream makroökonómiára, amely a válság elõrejelzésében és magyarázatában rossz teljesítményt nyújtott. Az újklasszikus és az újkeynesi iskola közötti konszenzus eredményeként létrejött DSGE-modellek...

This paper improves the analysis of the role of financial frictions in the transmission of monetary policy, by bringing together the borrowers' balance sheet channel with an additional channel working through bank capital, considering capital adequacy regulations and households' preferences for...

Hungarian Abstract: A fogyasztók jelentős része a biotermékeknek pozitív imidzset tulajdonít. Ez a pozitív imidzs-transzfer magában foglalja az egészségesség érzetét, a tápértéket, de kiterjed olyan érzékelt tulajdonságokra is, mint az illat és az íz. Jelen tanulmánynak az...

Several decades of market opening has become a characteristic of network industries. Its main hindrances and aids has come into sight during this period. There is a need now to evaluate the process of market opening and to assess the steps to be taken. Market opening is usually measured by...

Several decades of market opening has become a characteristic of network industries. Its main hindrances and aids has come into sight during this period. There is a need now to evaluate the process of market opening and to assess the steps to be taken. Market opening is usually measured by...

The paper presents the results of two surveys on how ownership structure and corporate governance affect corporate performance. The analyses focus on the question whether the differences among the performances of firms can be attributed to the various types of ownership structures and corporate...

Economists and lawyers are badly divided on issues concerning tying and bundling. Permissivie and prohibitive attitudes are changing radically in the literature and in the legal practice. After a short discurse on the notions, we introduce the basic ideas, theories and debates according to...

This paper assesses the potential distortive impacts of state aids and of incumbent firms' market behaviours and business strategies on competitive outcome. The problems emerged within the framework of the third postal directive, the unresolved questions of regulation and the contradictions...

We scrutinise in this paper the systemic consequences of state intervention triggered by external shocks for the dynamics of investment in the transforming Chinese economy. Our analysis focuses on the period before and after the global crisis. We interpret investment dynamics in a comparative...

This paper assesses the potential distortive impacts of state aids and of incumbent firms' market behaviours and business strategies on competitive outcome. The problems emerged within the framework of the third postal directive, the unresolved questions of regulation and the contradictions...