Buiter, Willem H.; Lago, Ricardo; Rey, Hélène - C.E.P.R. Discussion Papers - 1997
transition economies themselves. Conclusions are reached about the speed of transition, about the synergy between macroeconomic …The paper analyses the theoretical arguments and empirical evidence linking enterprise performance in transition … economies to the macroeconomic environment. Macroeconomic instability is traced to the unsustainability of the fiscal …