This chapter investigates how cohesion funds were spent and how these funds impacted economic developments in the Visegrád countries (Czechia, Hungary, Poland, Slovakia) on short, medium and long terms. Czechia has been the most developed country in the region, Poland and Slovakia were...

In this chapter, we propose a two-country, two-sector, New Keynesian model with essential and non-essential goods for the Euro Area to assess the macroeconomic consequences of a labor supply shock. Our model incorporates health status in the households’ maximization problem which depends on...