This paper addresses the question what effects the enlargement of a monetary union will have on necessary structural reforms in the (low distortion) member countries and the (high distortion) candidate countries. While monetary union lowers reforms in the candidate countries, members of the...

The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural reforms in the (low distortion) member countries and the (high distortion) candidate countries. While monetary union lowers reforms in the candidate countries, members of the...

The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural reforms in the (low distortion) member countries and the (high distortion) candidate countries. While monetary union lowers reforms in the candidate countries, members of the...

The paper addresses the question what effects the enlargement of a monetary union will have on necessary structural reforms in the (low distortion) member countries and the (high distortion) candidate country. While monetary union lowers reforms in the candidate country, members of the monetary...

In January 2013 the seasonal growth in prices for fruit and vegetables, as well as the planned in-crease in excise duties have contributed to inflation by two-fold, as compared with December 2012: CPI for the month made 1%. As a result, the inflation rate in annual terms has reached 7.1%. In...

In December the pre-Christmas growth in foodstuffs prices and in transport tariffs provoked acceleration of inflation, which made 0.5% within the month (against 0.4% in December 2011). As a result, by the end of 2012 the inflation rate made 6.6%, having matched the recent official forecast of...

Significant slowdown in the growth rate in prices for non-food goods and maintained prices for commercial services at the level of the preceding month resulted in the fact, that the baseline inflation slowed down from 0.5 % per month in October to 0.3% in November (against 0.4% in November...

The monetary policy framework of many countries has been developed under an Inflation Targeting Framework, which is a fixed central bank interest rate. The well-known Taylor's Rule is the rule of monetary policy applied in empirical evidence for the mode of transmission mechanisms of the Central...

Climate change is one of the greatest challenges of this century. Mitigation requires a large-scale transition to a low-carbon economy. This paper provides an overview of the rapidly growing literature on the role of macroeconomic and financial policy tools in enabling this transition. The...