Today many textbooks use the aggregate demand/aggregate supply analysis to convey the basics of Keynesian analysis of aggregate demand in conjunction with the profit maximisation postulate as characterising the aggregate supply side. However, this construction suffers from logical inconsistency,...

Today many textbooks use the aggregate demand/aggregate supply analysis to convey the basics of Keynesian analysis of aggregate demand in conjunction with the profit maximisation postulate as characterising the aggregate supply side. However, this construction suffers from logical inconsistency,...

First, the concept of public expenditure multiplier is redefined to allow for import intensity of exports, and its value is estimated for Poland and the Czech Republic in 2008–2009. Next, on the basis of effective demand model of economic dynamics, there follows a comparative analysis of GDP...

Serbia after Djindjic (by Vladimir Gligorov) Countries covered Serbia EU enlargement assessing the impact of transfers (by Sándor Richter) EU membership and income level convergence the experience of the Cohesion Countries (by Kazimierz Laski and Roman Römisch) Selected monthly data on the...

Converging/diverging European regions (by R. Römisch, pp. 1-4) Keywords Regions, EU, Convergence Countries covered European Union, New EU Member States Topics Regional Development The new EU members' potential for trade in services (by J. Wörz, pp. 8-12) Keywords Trade, Services Countries...

Kazakhstan an economic assessment (by V. Astrov, pp. 1-4) Countries covered Kazakhstan Topics Macroeconomic Analysis and Forecasts The twin deficits myth and real problems (by K. Laski and R. Römisch, pp. 5-8) Countries covered non-specific Topics Macroeconomic Analysis and Forecasts Global...