Publications

This brief discusses the supposed power of fiscal stimulus and the rising concerns over the sustainability of public finances in many countries. The author examines the reasons for the failure of fisc...chevron_right

This brief discusses the role of tax monetary policy and analyzes who should be made responsible for housing price bubbles. The author argues that, before the financial crisis, central banks should ne...chevron_right

The IMF’s ability to fight and prevent crises has hit a brick wall, because of long‐ standing resentments regarding the extent to which the US and Western Europe dominate the organization. This articl...chevron_right

After reporting very high growth rates as well as being seen as examples of successful economic transition, the “Baltic tigers” (Lithuania, Latvia and Estonia) were among the worst victims of the glob...chevron_right

This paper looks at the influence of large remittance inflows on the economic well-being and behavior of rural households. The author addresses the results of a recent project on the “social and econo...chevron_right

This article discusses the negative impact of the 2007-08 global financial crisis on Belarus, the government's reaction to the crisis the potential solutions for economic development in the country.chevron_right

Gazprom has gone from being a great commercial hope to an ailing giant. This brief looks at where the Russian gas company stands today and argues that Gazprom's acute crisis offers the best opportunit...chevron_right

Since the fall of the iron curtain, Europe has undergone dramatic reforms and changes, most notably East-West integration, expansion of the European Union (EU) internal market and monetary integration...chevron_right

The European Union’s (EU) consumption of natural gas has been growing rapidly over the last two decades. And the last few years have heightened public worries in Europe over the security of its gas su...chevron_right

This paper argues that while technical assistance projects have played a positive and important role in the economic transformation of the Commonwealth of Independent States (CIS), there is growing co...chevron_right

This paper looks at the impact of the global economic downturn on the Polish economy. The authors examine the outlook from six perspectives: growth, inflation, monetary policy, fiscal policy, labor ma...chevron_right

This brief analyzes foreign direct investment (FDI) and private capital flows to the Commonwealth of Independent States (CIS). The author also looks at what can be done to improve the CIS’s image as a...chevron_right

This paper examines the state of the Polish economy, particularly deflationary pressures therein. The paper projects trends in the impact of the global recession on Poland, and provides a forecast for...chevron_right

This brief examines the reasons behind Hungary's 2008 financial crisis and discusses various countermeasures undertaken as well as the perspectives of future Hungarian stability and growth.chevron_right

This paper examines if European economic integration creates more inequality between domestic regions. It reviews some empirical work as well as some recent theoretical contributions within the new ec...chevron_right