This studyconsiders the role of informaleconomic activities, includingmoonlighting in second jobs, in Russia. Theinformal economy is defined as legal production activities that should beregistered with authorities but are not, and other income-producing householdproduction of goods and services...

We use a dynamic heterogeneous panel model to estimate real equilibrium exchange rates for advanced transition countries. Our method is based on out-of-sample estimations from middle-income and high-income countries, and we use a pooled mean group estimator. We find that exchange rates have...

Using a novel data set from post-communist countries in the 1990s, this paper examines linkages between political constraints, economic reforms and growth. A dynamic panel analysis suggests public support for reform is negatively associated with income inequality and unemployment. Both the ex...

Korean Abstract: 본 연구는 사회주의에서 자본주의로 체제전환을 경험했던 체코 및 헝가리 그리고 동독의 금융개혁 및 통합 사례를 검토한다. 특히 이 연구에서는 체제전환국의 금융체제 이행과 통합의 주요 과제를 이원적...