We analyze the role of innovation in the technological development of four new EU members: the Czech Republic, Hungary, Poland and Slovakia. For that purpose, we use a novel approach by modeling the empirical relationship between intra-industrial bilateral trade flows, which proxy the level of...

The ideal measure of inflation should reflect long-run price movements driven by demand in the economy and exclude short-term supply shocks. Since the consumer price index is not such a measure, the purpose of this research is to analyze alternative methods of core (or underlying) inflation and...