We investigate the impact of fiscal variables on bond yield spreads relative to US Treasury bonds in the Czech Republic, Hungary, Poland, Russia and Turkey from May 1998 to December 2007. To account for the importance of market expectations we use projected values for fiscal and macroeconomic...

This paper compares income inequality in former socialist countries with those in a market society, focusing on the ways in which social welfare systems operate in different states. Evidence of inequality and poverty is considered for three countries: Russia; Poland; and Finland. These issues in...

The aim of this study is to clarify, whether and where the widespread opinion that systemic change from socialism to capitalism went along with dramatically rising inequality is true and how income distribution does affect the overall growth performance of transition countries. The countries...

This paper reports levels of income inequality and poverty in four Central and Eastern European countries: the Czech Republic, Hungary, Poland and Russia. Unlike previous research on transition economies, we aggregate the detailed individual-level income surveys made available through the...