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Welfare change and the elimination of the shortage economy in Russia : some representative-household results

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Economic growth under a self-interested central planner and transition to a market economy

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Direct foreign investment and welfare in the transforming economies : The case of Central Asia

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The J-curve is a gamma-curve : initial welfare consequences of price liberalization in Eastern Europe

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The inflation tax is likely to be inefficient at any level

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Central Bank Operational Efficiency : Meaning and Measurement

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Chapter on Central Bank Efficiency in the book Central Bank Modernisation. Includes a detailed definition on central bank efficiency, the typical objectives and functions of central banks and an economic model on central bank efficiency

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