The aim of this paper is to evaluate the fulfillment of Maastricht Convergence Criteria by the Czech Republic for 5 past years of being member of the EU. The Czech Republic hasn’t set the official term of adoption of euro yet and even hasn’t been participating in the exchange rate mechanism...

This study examines reforms of public expenditure in industrialised countries over the past two decades. We distinguish ambitious and timid reformers and analyse in detail reform experiences in eight case studies of ambitious reform episodes. We find that ambitious reform countries reduce...