Transition in Central and Eastern Europe, as Blanchard points out, has adhered to a U-shaped response in terms of economic output--that is, a sharp decline in output followed by a recovery. Today, most of the countries of Central Europe seem to have enjoyed a steady upswing, while most Eastern European nations still appear to be near the bottom of the U. This book traces the courses, causes, and implications of this pattern, arguing that two basic mechanisms dominate such transition. The first is the reallocation between the state and private sectors, with a contraction of activities in the...
Transition in Central and Eastern Europe, as Blanchard points out, has adhered to a U-shaped response in terms of economic output--that is, a sharp de...
This book is an authoritative reader on the economics of transition and emphasizes a view of transition that addresses broader areas of economics, such as development, public finance, and economic history.
This book is an authoritative reader on the economics of transition and emphasizes a view of transition that addresses broader areas of economics, suc...
Since 2008, economic policymakers and researchers have occupied a brave new economic world. Previous consensuses have been upended, former assumptions have been cast into doubt, and new approaches have yet to stand the test of time. Policymakers have been forced to improvise and researchers to rethink basic theory. George Akerlof, Nobel Laureate and one of this volume's editors, compares the crisis to a cat stuck in a tree, afraid to move. In April 2013, the International Monetary Fund brought together leading economists and economic policymakers to discuss the slowly emerging contours of...
Since 2008, economic policymakers and researchers have occupied a brave new economic world. Previous consensuses have been upended, former assumpti...
