The economic and financial crisis of 2007-2009 had a serious impact on the larger European region. For western Europe this was the deepest economic downturn since the Second World War. Given the well-developed safety nets for this region the immediate impact on health is likely to be minor....

In this paper we outline the main theories of persisting high inflation and test them informally by reference to the three main attempts to stabilise the Russian macroeconomy between 1992-4. We then assess the prospects for the success of the fourth and current effort.

The Hungarian economy's road from a centralized, planned economy to a market economy displays a number of features that distinguich it from other post-socialist countries, despite the underlying similarities. Without aiming to provide a complete picture, I will pick out four features. One or...

This paper reports the results of an analysis of changes in income inequality, and in its determinants, in urban China since the economic reforms that began in 1978. The intention is to identify new characteristics of economic inequality. It first shows that income differentials acrossand in...

This paper seeks to explain, why Russian (and CIS) economic transformation was neither a shock therapy nor a gradual transition case, but instead followed a sort of middle-ground inconsistent shock therapy path.

In 1939 the British Government tried to assess Soviet war potential in order to know more about their potential ally, as part of the negotiations concerning an Anglo-French-Soviet alliance. British assessments of Soviet economic and military strength (and the internal stability of the Stalin...

A tanulmány a közép-kelet-európai átmenet néhány sajátos tünetét elemzi. A térség volt szocialista országait általánosan jellemzi, hogy viszonylag fejlett nem piaci szektort örököltek az állami tulajdonon alapuló gazdálkodás korából, illetve esetleg még az azt megelőző...

After twenty-five years of economic transition economic performance varies considerably in transition countries, while in most cases current outcomes show that the desired effects have not been achieved. In this paper we elaborate on why industrial policy has been a key missing element in the...