Marcinèin, Anton; Morvay, Karol - In: Czech Journal of Economics and Finance (Finance a uver) 51 (2001) 3, pp. 130-146
Undue emphasis on short-term macroeconomic goals in transition countries impedes structural change, often resulting in a deterioration of achieved macroeconomic outcomes. Repeated attempts at stabilization are then required and structural reforms become more urgent, and more costly. Many of...
