After the turbulent post-election political development in the second half of 2006, the new government set out to implement a series of reforms. The annual CERGE-EI economic survey of the Czech Republic, edited by Dr. Peter Katuscak and Dr. Petr Zemcik, provides a detailed description of the...

This year, the annual CERGE-EI economic survey of the Czech Republic focuses on the proposed fiscal reform and the imminent EU entry. The survey, edited by Dr.Stepan Jurajda and Dr. Libor Dusek and authored by a number of CERGE-EI faculty and junior researchers, covers all aspects of recent...

Published in early 1999, this 92-page booklet is one in a series of successful annual summaries of the situation in the Czech Republic. Edited by CERGE Director František Turnovec and written by a team of CERGE-EI economists, the 1998 book features expanded coverage of the Czech Republic's...

CERGE-EI's publication summarizing the economic situation in the Czech Republic was published in December 1999. This edition was edited by Dr. Jan Hanousek, Director of CERGE-EI, and Dr. Daniel Münich, Deputy Director for Graduate Studies, and features articles by a number of CERGE-EI faculty...

CERGE-EI's fifth annual summary was published in December 2000. As with the 1999 edition, Dr. Jan Hanousek, Director of CERGE-EI, and Dr. Daniel Münich, Deputy Director for Graduate Studies served as editors. Articles were written by a number of CERGE-EI faculty members and researchers. This...

The 2002 issue focuses on several long-term phenomena of political and economic development: the need for fiscal reform and our invitation to the European Union. Other aspects of long-term economic growth prospects are addressed as well, for example, the shadow economy, corruption and labor...

On the global scene, the year 2008 was characterized by a lingering mortgage crisis in the first half of the year, and an onset of a global financial crisis and the impending recession in the second half of the year. On the background of these events, the annual CERGE-EI economic survey of the...

We provide new evidence on the effect of deterrence on crime using the experience of a transition country (the Czech Republic) as a quasi-natural experiment. The arrival of democracy in 1989 was accompanied by sharp reductions in all measures of deterrence and sharp increases in crime rates. We...

The Krugman hypothesis attributes high wage inequality in the US and high unemployment in continental Europe in the 1980s to the same negative change in the demand for the low skilled under different degrees of wage rigidity. This paper revisits the hypothesis in order to explain the labor...

We introduce spillover e¤ect into John Sutton's (1991,1998) concept of endogenous sunk costs. These sunk costs appear in the form of R&D investment into quality in our framework. We show that with spillovers increasing and the effectiveness of investment in raising quality decreas- ing, the...