We argue that monetary policies in euro-candidate countries should also aim at mitigating excessive instability of the key target and instrument variables of monetary policy during turbulent market periods. Our empirical tests show a significant degree of leptokurtosis, thus prevalence of...

Nowadays, taking into consideration the fact that the development of governmental organizations is varying from a country to other, from a period to other period, being the outcome of the growth of administrations' sizes – from the point of view of the employees – and of the diversification...