Since the start of transition, the currencies of most East European countries have experienced an abrupt real depreciation, followed by a trend real appreciation over the subsequent years. Within the framework of a panel-data study for eight Central European transition countries - Hungary, the...

This article examines trends in population, labour, prices, incomes and consumption across eight Eastern European countries - Bulgaria, Czechoslovakia, East Germany, Hungary, Poland, Romania, the Soviet Union and Yugoslavia - between 1950 and 1990. It finds that, despite persistent shortages,...