This paper documents the modes of organization of the budget process in ten CEEC and examines the relationship between these institutional settings and fiscal performance. Using detailed information on the budget institutions in these countries, the national budget processes are classified...

In a plain-vanilla New Keynesian model with two-period staggered price-setting, discretionary monetary policy leads to multiple equilibria. Complementarity between pricing decisions of forward-looking firms underlies the multiplicity, which is intrinsically dynamic in nature. At each point in...

This concept paper is an input to ongoing preparatory work for the new four-year work programme of Eurofound 2013–2016. It is based on the outcome of a joint working group between Eurofound and the European Institute for Public Administration (EIPA). In addition, the paper includes...