This paper investigates the public-private remuneration pattern in South Africa since the introduction of an inflation-targeting framework in 2000. Co-integration tests and analysis confirm that there is a stable, long-run relationship between nominal and real remuneration in the public and...

Lohnzurückhaltung bei fixen und flexiblen Wechselkursen Anhand des Modells von R. Dornbusch (1983) wird untersucht, wie sich verteilungsneutrale, einkommenspolitische Maßnahmen (das sind gleichzeitige Verringerungen von Lohn- und Preissteigerungen im selben Ausmaß) kurz- und mittelfristig auf...

The Slovak economy experienced a strong but short recession in 2009. The recovery afterwards was driven by exports and investment. While GDP growth was one of the strongest in OECD, employment did not reach the pre-crisis level and unemployment remains stubbornly high. This paper argues that...

This study looks into the use of fixed term contracts and agency work in Russia during and shortly after the crisis 2009-10 with the help of an enterprise survey. The results of variance analysis show that the use of fixed-term or agency work contracts is not uniform across sectors, size and...

Ungleichgewichte in einem Währungsgebiet entstehen durch Kapitalströme, die nicht durch eine ent-sprechende Steigerung der Kapazität Einkommen zu erzielen begleitet werden. Dadurch entsteht eine Überschuldung in den "Defizitländern", während in den "Überschussländern" Forderungen...

When the principal decisions for the European Monetary Union (EMU) were made it was acknowledged that it would not be an optimal currency area (OCA). Potential trouble was assumed away as asymmetric shocks were expected to fade, while rising productivity enhanced the resilience of EMU member...

In this study we analyze the convergence of GDP per capita from 2000 to2013 (current prices and euro exchange rates) for eight countries (Czech Republic, Slovakia, Slovenia, Hungary, Poland, Estonia, Latvia and Lithuania) of the European Union (CEE8). Some convergence indicators are also...

In this study we analyze the convergence of GDP per capita from 2000 to2013 (current prices and euro exchange rates) for eight countries (Czech Republic, Slovakia, Slovenia, Hungary, Poland, Estonia, Latvia and Lithuania) of the European Union (CEE8). Some convergence indicators are also...