The Central, East and Southeast European (CESEE) economies will experience on average a minor rebound of economic growth to 1% in 2010 which will speed up to 2.5% in 2011 and 3.5% in 2012. GDP growth will be higher in the CIS countries and in Turkey, about average in the Central European NMS and...

The paper starts with examining the standard concept of government expenditure multiplier and finds that in a model of open economy with government revenues and expenditures the multiplier definition is incorrect in so far as the import intensity component relates total imports to GDP, whereas...

This book is highly relevant to current debates on market socialism and to the continuing problems of Eastern European countries as they reform their economies. It is a work of original scholarship by two economists who were involved as experts in the reform of the Polish economy in the 1950s...

Presentations at wiiw Spring Seminar 2003 Transition Countries Overview and Outlook (Leon Podkaminer) Fiscal and Financial Aspects of EU Enlargement the Issue of Transfers (Sándor Richter) Fiscal Implications of EU Enlargement for the CEECs (Roman Römisch) Lessons to be Learnt from Earlier...

Abstract Keynes and Kalecki both assume that private investment determines (but is not determined by) private savings. For Keynes, the desired level of saving is an increasing function of GDP, somehow related to the psychology of the society; ‘autonomous’ shifts of investment are determined...