The processes that will drive the next stage of the Czech transition are likely to be similar to those promoting real convergence in the Eu cohesion countries. We draw on previous modelling research on the cohesion economies to construct and calibrate a small macrosectoral model of the Czech...

The processes that will drive the next stage of the Czech transition are likely to be similar to those promoting real convergence in the countries of the EU periphery. We draw on previous modeling research on these latter economies to construct and calibrate a small macrosectoral model of the...

The processes that will drive the next stage of the Czech transition are likely to be similar to those promoting real convergence in the EU cohesion countries. We draw on previous modelling research on the cohesion economies to construct and calibrate a small macrosectoral model of the Czech...

The paper starts with Haslag's (1998) model of the bank's demand for reserves and reformulates it with a cash-in-advance approach for both financial intermediary and consumer. This gives a demand for a base of cash plus reserves that is not sensitive to who gets the inflation tax transfer. It...

There are a number of factors that are generally agreed to have a role to play in the story of Ireland's recent success. These include the long-term consequences of the fiscal stabilisation of the late 1980s, the European Structural Funds, the increased educational attainment of the workforce,...

In Irish manufacturing, the foreign sector accounts for about one half of employment and some 60 percent of gross output. The Irish experience therefore provides the authors with a textbook case study of the effects on an EU host economy of export-oriented foreign direct investment (FDI). They...