Monetary policy in CEE is an important determinant in the wage bargaining process, because trade unions have to predict inflation as one component of future real wages. This paper scrutinizes whether countries in CEE that officially announce an inflation target are tempted to act...

The main questions addressed in this paper are, firstly, how labor markets in the Visegard countries reacted to the breakdown of a command economy and the transformation to a market economy. Secondly, it is analyzed which way ahead is likely, or to put it differently, what should be done now to...

Im Zuge einer sich dramatisch verschärfenden Wirtschaftslage zerbrachen Ende der 80er Jahre die politischen und wirtschaftlichen Strukturen der bis dahin kommunistisch regierten Länder Mittel- und Osteuropas. Angesichts des Scheiterns der zentralverwaltungswirtschaftlichen Ordnung blieb als...

Jiri Kostas jüngste Publikationen sind Beiträge zur Transformationsdiskussion. So auch der hier vorgelegte. Diskutiert wird darin die aktuelle wirtschaftliche Entwicklung in der tschechischen Republik. Gestützt vor allem auf makroökonomische Daten, wird der als sehr erfolgreich geltende...

This paper investigates the impact of international shocks - interest rate, commodity price and industrial production shocks - on key macroeconomic variables in ten Central and Eastern European (CEE) countries by using near-VAR models and monthly data from the early 1990s to 2009. In contrast to...

This paper analyzes economic-social interaction in China in connection with the country's change of economic system. I define an economic system in terms of a multidimensional vector of broad institutional characteristics, and I emphasize that important features of the social development are...

This paper analyzes economic-social interaction in China in connection with the country's change of economic system. I define an economic system in terms of a multidimensional vector of broad institutional characteristics, and I emphasize that important features of the social development are...