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This paper reviews the key economic issues concerning the welfare costs of inflation and deflation, with a view to shedding light on the desirable properties of the inflation process. Our review of the evidence on the overall costs of inflation and deflation indicates that such costs could be...
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We quantify the degree of persistence in unemployment rates of transition countries using a variety of methods … presence of unit roots in unemployment. Since this is potentially a narrow definition, we also take into account the existence … of structural breaks and non-linear dynamics in unemployment. Finally, we examine whether CEECsu0092 unemployment …
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This fourth issue for 2007 includes: a summary of current macroeconomic trends and prospects; an overview of the ERM statistics for the fourth quarter of 2007; details of the global restructuring plan at Unilever; restructuring at ZRE Katowice and more on restructuring in Cyprus.
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