Eine präzise Darstellung des seit 1989 andauernden Übergangs von der Plan- zur Marktwirtschaft (sowie von der kommunistischen Diktatur zu Demokratien westlicher Prägung) in Mittel- und Osteuropa würde den Rahmen der vorliegenden Arbeit sprengen, die nicht den eigentlichen...

This study examines the forecasting power of confidence indicators for the Russian economy. ARX models are fitted to the six confidence or composite indicators, which were then compared to a simple benchmark AR-model. The study used the output of the five main branches as the reference series....

The paper analyzes inflation targeting which is used in many countries as a tool for the monetary policy of central banks. The study of the experience of inflation targeting over the past quarter century shows a number of shortcomings. The important one is that inflation targeting is powerless...