How to provide for full employment and equitable distribution of incomes and wealth are the keenest issues of the U.S. society. The Democratic and the Republican Parties have elaborated opposing views on economic policy, though both parties are certain that the problems may be resolved through...

This paper develops a model of a small open economy integrated in a monetary union. The model incorporates the standard nominal and real frictions in the literature. The parameters of the model are calibrated to the Portuguese data and the effects of the standard monetary policy shock are studied.

Az adóztatás hatásának vizsgálata mind makroökonómiai és gazdaságpolitikai szempontból fontos feladat. Az egyes adónemek aránya országonként nagyon eltérő, és időben természetesen adott országon belül is változik. Más a jövedelmi adók, más az indirekt adók hatása. Nem...

This paper examines the effect of economic policy uncertainty and its components on firm-level investment. It is found that economic policy uncertainty in interaction with firm-level uncertainty depresses firms’ investment decisions. When firms are in doubt about costs of doing business due to...

We develop an empirical model allowing for the identification of four different resource mobilization climates describing the period between 1986 and 2002. Those climates are based on different constellations of gross capital formation and domestic savings rates: super investor (high savings,...

The successful control of inflation and budget deficits has been a generalized trend among Latin America Countries (LAC) in the last two decades. However, this achievement has not mirrored in comparable advances in other economic and social areas in that period. Growth rates in these countries...

The paper analyzes investment behavior of industrial enterprises in the period immediately following price and foreign trade liberalization in the Czech Republic. It also focuses on the effect of "soft" macroeconomic environment on the microeconomic decisions. A dynamic investment function with...

This paper explores the effect of policy variability (or frequency of regime switching) on economic growth and welfare. We study a one sector growth model where investment can be subsidized at either a positive rate or not subsidized at all.

The third issue of the International Productivity Monitor produced by the Centre for the Study of Living Standards contains six articles that deal with a wide range of issues in the productivity area. Topics covered are the contribution of the information and communications technology sector to...

A szerző - a nyugati közgazdasági irodalomhoz hasonlóan - szorosan a holtteher- veszteség kategóriájával egybekapcsolva vizsgálja a gazdasági hatékonyságot, kitérve a többi hatékonysági tényezőre. Alaposan csak az adóztatás által okozott holtteher-veszteséget elemzi. E...