Publications

With reference to a case study of Poland, the paper posits that the privatization of banks contributes to improvements in efficiency and better risk management. The author contends that privatization ...chevron_right

In this paper, the authors argue that despite the relative stability of the national currency and the low levels of inflation, Moldovan fiscal policy was driven by institutional inertia and pressure g...chevron_right

In this paper, the author assesses the implicit debt of the Czech social-security system in order to contribute to evidence-based debate regarding the necessity of reforms, such as the switch to a fun...chevron_right

This study evaluates the budgetary implications of accession to the EU for applicant countries. It provides an overall estimate for certain budget categories, taking into consideration a number of fac...chevron_right

These papers, prepared as part of the research project entitled "Sustaining Growth through Reform Consolidation", investigate patterns of public, private and foreign savings in a number of Central and...chevron_right

Based on a study of pension developments and reforms in the Czech Republic, Hungary, Poland and Romania, the author posits that variations in pension systems reflect both demographic factors and diffe...chevron_right

The author of this paper constructs the Tax Burden Index (TBI), a special measure of taxes, which takes into account both tax rates and tax ceilings while measuring the average taxation. The ensuing a...chevron_right

This paper estimates the effects of monetary policy shocks on the Polish economy. The authors find that monetary policy shocks seems to affect inflation and output relatively quickly. Although the mon...chevron_right

This paper studies whether banks and capital markets in Central Europe are capable of exerting a positive influence on enterprise performance. The author contends that at the present stage of the econ...chevron_right

This paper investigates why the inflationary consequences of the 1998 crisis in the Ukraine were lower that expected. While inflation and problems in the banking sector were limited in scope, the dom...chevron_right

This paper examines the public debt dynamics after 1990 in Poland, Romania, the Check Republic, and Hungary and tries to capture its main determinants. It assesses the extent to which the changes in t...chevron_right

This paper investigates interactions between the rate of economic growth and the saving rate in Poland in the 1990s. Tendencies observed in the Polish economy are related to the long term trends of gr...chevron_right

This paper gives an account of the main aims and principles of the pension reform measures which came into force in 1999. Its primary objective is to present estimations of the effects of these measur...chevron_right

This paper presents four alternative methods of calculating the core inflation most commonly found in the literature: trimmed mean, sample mean percentile, standard deviation trimmed mean and exclusio...chevron_right

This paper provides perspective of recent developments in health care reforms in three fast-reforming transition economies: the Czech Republic, Hungary and Poland. The two former countries have been i...chevron_right