EU accession requires, inter alia, free movements of capital. If a massive capital outflow occurs, the central banks from the accession or acceding countries may carry two types of intervention: on money market, and introducing restrictions on capital account. The paper explains when is...

We construct quarterly aggregate gross and net capital stock series for the post-war U.S. economy using annual capital stock, capital depreciation, and capital discard figures along with quarterly investment series. We construct nominal and real measures of all three categories in the aggregate...

Assume that 'green accounting' has been adopted and implemented, does an investment in environmental quality play a role similar to the investment in capital in towing the economy out of a recession? To answer the question, we integrate 'green accounting' into a stochastic dynamic general...