Decomposing output into trend and cyclical components is an uncertain exercise and depends on the method applied. It is an especially dubious task for countries undergoing large structural changes, such as transition countries. Despite their deficiencies, however, univariate detrending methods...

There have been various opinions formulated on the introduction of property tax and the expected revenues. It is this debate we wish to contribute to in several respects. A critical point of the introduction and operation of property tax is determining the base of the tax, i.e. the value of...