This note briefly reviews the financial crisis in central Europe in late 2008, and summarizes how four central European countries-Poland, the Czech Republic, Hungary, and Slovakia-have coped with the economic downturn

Over the postwar, the U.S., Europe and Japan have experienced what may be thought of as medium frequency oscillations between persistent periods of robust growth and persistent periods of relative stagnation. These medium frequency movements, further, appear to bear some relation to the high...

Acknowledgements -- Introduction -- Globalization -- Case synopses and assignment questions -- Singapore's "mid-life crisis" -- China "unbalanced" -- Malaysia, people first? -- Malaysia (B), the economic transformation program -- Central Europe after the crash : between Europe and the euro --...

Over the postwar, the U.S., Europe and Japan have experienced what may be thought of as medium frequency oscillations between persistent periods of robust growth and persistent periods of relative stagnation. These medium frequency movements, further, appear to bear some relation to the high...

Standard methods for estimating total factor productivity (TFP) growth assume that economic profits are zero and adjustment costs are negligible. Moreover, following the seminal contribution of Basu, Fernald and Kimball (2006), they use changes in hours per worker as a proxy for unobserved...

We develop a new method for estimating industry-level and aggregate total factor productivity (TFP) growth. Our method accounts for profits and adjustment costs, and uses firm surveys to proxy for changes in factor utilization. Using it to compute TFP growth rates in the United States and in...