Capital inflows have an enormous importance in the financing of investment in emerging and transition economies. However short-term inflows, intermediated by the banking sector of the emerging economy, may be subject to early withdrawals. We model a situation where such withdrawals are motivated...

The Green Transition is in every country's national interest. 'Business-as-usual' is no longer possible; the alternative is a future with costly climate impacts. The Green Transition requires public investments and a sizeable increase in public debt. Strong and coordinated policy signals and...

We conduct a comparative analysis of Labor Market Policies and outcomes for the EUmember states, for the period 2000-2005. We document the main differences in LaborMarket Policies across EU members, including new member states after 2004...

The transition process has had different distributional impacts across different interest groups and countries. These have led to differences in the support for transition. In this paper, we study support attitudes for both the economic and political transition using data from the New Barometer...