Modern monetary policy should be expectations-oriented. The best way to influence expectations operationally is to use inflation forecasts. As different ways of revealing central bank's intentions exist, a simple research question arises. Does the forward-looking (FL) component of consumers'...

In the literature, there is a discussion on the importance of the spatial distans to the user in the context innovation activity. Although, most of this kind of studies concentrate on exporting enterprises and compare them to domestic ones. Exporting activity is very important for catching-up...

The labour market situation is considered to be the most widely discussed part of economic development. However, it should be noted that the unemployment situation of young people (aged 15 -24 years) in Poland in general terms seems to be problematic. Overall, the unemployment rate among young...

The concept of autopoiesis was initially developed in the field of biology and it was used to explain the behavior of biological systems. However it has been successfully applied in other fields of science, including economics and management. Although researches on economic entities using...

The current stage of the economy's development differs from the past ones in that the role of global infrastructure projects acquires ever more importance and that forming and designing of such programs becomes now a much more sophisticated process, all of this has led to a situation where we...

The current stage of the economy's development differs from the past ones in that the role of global infrastructure projects acquires ever more importance and that forming and designing of such programs becomes now a much more sophisticated process, all of this has led to a situation where we...

Austria and low unemployment rate, higher salaries, more vacancies in comparison to the Slovak Republic together with the system of state benefits and geographical proximity have caused increased interest of Slovaks in work in the given country. The open asylum politics of Austria and Germany is...

The Central Bank of Sweden declares the use of the Svensson's concept of inflation forecast targeting (IFT). It means that the repo rate decision making process depends on the central banks' forecasts. The concept evolved from the strict IFT with the decision making algorithm called the 'rule of...

For a long time before the Russian import ban, Russia was the second most important destination for Lithuania's agricultural exports (after the EU common market), especially for processed dairy and meat products, and edible vegetables. Russia imposed a ban on most agricultural products from the...

Traditional energy sources based on oil, coal, and natural gas have proven to be highly effective, but at the same time they have many negative environmental effects. Also by technical and economical points traditional energy sources are not available in many remote areas. In this paper, the...