This paper revisits the external economic relations in the former command economies of Central, East and Southeast Europe (CESEE) by exploring historical trade data. It provides a descriptive analysis of foreign trade statistics, drawing on the newly introduced wiiw COMECON Dataset, which...

In 1936-37, the Federal Reserve doubled the reserve requirements imposed on member banks. Ever since, the question of whether the doubling of reserve requirements increased reserve demand and produced a contraction of money and credit, and thereby helped to cause the recession of 1937-1938, has...

In this paper we examine the dynamic contributions of capital accumulation, globalisation, and financialisation to the functional-personal income distribution nexus. We analyse the labour share under the prism of monopoly and frictional growth, and disclose the dramatic upward trend in...