We examine the role of unemployment inflows and outflows in contributing to unemployment cyclicality in Czechia and Poland, using data from the European Union Statistics on Income and Living Conditions, and a three-state model of unemployment variance decomposition. We find that the labour...

Using panel data for selected national economies, we estimate relative price changes stemming from fluctuations in sectoral productivity. Subsequently, we calculate the cross-country CPI-inflation differentials implied by sectorally unbalanced productivity growth, taking into account...

The paper's main purpose is to analyse capital-labour relations in various institutional arrangements at the firm level. In particular, it investigates how the alternative forms of worker's representation affect the firm flexibility. The character of corporate control in a unionised firm is...

In this volume we investigate the macroeconomic aspects of labour market behaviour and its microfoundations. In the first part we deal with aggregate labour market trends and issues relevant to macroeconomic policy. The second part analyses in more detail labour flexibility, namely labour market...

Using panel data for selected national economies, we estimate relative price changes stemming from fluctuations in sectoral productivity. Subsequently, we calculate the cross-country CPIinflation differentials implied by sectorally unbalanced productivity growth, taking into account...

Did exceptionally low unemployment between 1990-1996 mean that the CzechRepublic had sacrificed more labour market flexibility and faster changes inthe structure of employmnet in exchange for social stability? Or had thecountry made use of its specific initial conditions and managed to followits...

This paper deals primarily with supply-side performance of the Czech economy. Macroeconomic part of the analysis points out very low growth rate of total factor productivity, as well as high sensitivity of imports to real GDP growth. It also demonstrates

In this paper, we apply the aggregate production function to approximate the path of potential output. We use a time-varying NAIRU to derive the amount of potential labour and a newly developed measure of capital services to account for the productive impact of capital. In addition, trend total...

The Czech Republic is no longer an employment haven, the site of what had been declared as an “unemployment miracle.” What happened? In this paper, the authors gather various statistical and sociological data on employment and unemployment trends, wage development, and workers’ opinions...