Twenty years after the EU accession of the Visegrád countries-- Poland, the Czech Republic, Slovakia and Hungary - we analyse their development of unit labour costs and of the labour share in manufacturing for the years 1995 to 2023. Firstly, the labour shares in the Visegrád countries have...

The article presents the results of an analysis that compares changes in Poland's competitive position against the backdrop of the Visegrad Group (V4) countries and the Baltic States (BS3) in the post-accession period (2006-2017). This type of study has not been presented in detail in the...

This paper views the growth and convergence process of the four Visegrad economies - the Czech Republic, Hungary, Poland and Slovakia - through the lens of the open economy, stochastic neoclassical growth model. We use a unified framework to understand both the long-run convergence path and...

Many regions on the EU Eastern borders have developed favourably after the opening up of the border and the implementation of association agreements with the CEECs. This was often seen as a positive sign for the further perspectives of these regions after EU enlargement. In this paper we take a...

We study fiscal devaluation in a small-open economy with labor market search frictions. Our analysis shows the key role of both dimensions in shaping the optimal tax scheme. By reducing labor market distortions, the tax reform is welfare-improving. Yet, as it makes imports more expensive, fiscal...