The paper interprets the growth and convergence experience of three Central-Eastern European economies (the Czech Republic, Hungary, and Poland) through the lens of the stochastic neoclassical growth model. It adapts the methodology of Business Cycle Accounting (Chari, Kehoe and McGrattan 2007)...

This paper presents new evidence on the flexibility of the Hungarian labor market, with special emphasis on wages. The results are based on a new survey on wage setting among Hungarian firms. The survey is part of the Eurosystem Wage Dynamics Network (WDN), and it is a harmonized questionnaire...

Harald Uhlig is Professor at the Department of Economics of the University of Chicago since 2007 and chairman of that department since July 2009, after having taught at Princeton, Tilburg University and the Humboldt Universität Berlin. His research interests are in macroeconomics, financial...

The paper analyses the population dynamics of a country that has two ethnic groups, a minority and a majority, and minority members can choose to assimilate into the majority. Depending on the minority's size, the long-run outcome can be full or no assimilation. Under certain parameter values...

The paper examines the evolution of consumption patterns in Organization for Economic Co-operation and Development (OECD) countries from 1985 to 1999. Estimation of demand function parameters uncovered consistent evidence that differences in consumption patterns have recently diminished between...

1. Introduction -- 2.Methodology and stylised facts -- 3. Labour input and labour income -- 4. Capital stock and capacity utilisation -- 5. Growth and development accounting -- 6. The neoclassical growth model -- 7. Markets and distortions -- 8. Growth and the financial environment -- 9. Credit...