This paper estimates the Balassa-Samuelson effects for 11 countries in central and eastern Europe on a disaggregated set of quarterly data covering the period from the mid-1990s to the first quarter of 2008. The Balassa-Samuelson effects are clearly present and explain around 24% of inflation...

Some ten years ago, Michael Dooley (Dooley, 1997; Dooley, 2000) put forwardan insurance model of currency crises, which after some modifications gives a goodtheoretical basis for explanation of the overall dynamics of the post communist transformationand diversity across countries and periods. The...

We estimate monetary policy rules for six central and eastern European countries (CEEC) bytaking changes in the policy settings explicitly into account. Distinguishing rather fixed andmore flexible exchange rate arrangements we find that for most countries exchange ratesplayed an important role...

Using the RLMS, this paper re-examines the nature of the gender wage gap in Russia between1994 and 1998 taking into account the pervasiveness of Russia’s non-payment institutions. Investigatingdiscrimination ‘bands’ at different sections of the income distribution and for various important...

The paper enquires into the e¤ects of China’s entry into the WTO on its economic growth. We find that even in the short run (2001-2005), economic performance can be improved due to obtaining higher survival probability of economic growth rate and better protection of consumer welfare.

The paper enquires into the short run effect (2001-2005) of China’s entry into the WTO on its economic growth. We conclude there is no economic hazard with a …nding that China’s economy would enjoy a higher survival probability of economic growth rate and better protection of consumer...

We analyze a simple and tractable model of occupational choice in the presence of credit marketimperfections. We examine the effect of parameters governing technology and transaction costs, andhistory, in terms of the initial wealth distribution, in determining the long-term wealth...