This paper surveys recent advances in empirical studies of the monetary transmission
mechanism, with special attention to Central and Eastern Europe (CEE). Our results indicate …

This paper surveys recent advances in empirical studies of the monetary transmission
mechanism (MTM), with special attention to Central and Eastern Europe. In particular, while …

In 1998, European countries qualified for entry into European Monetary Union (EMU) on the
basis of five" convergence criteria." The criteria were enshrined in the 1992 Maastricht …

Firms cluster their economic activities to exploit technological and informational spillovers
from other firms. Spillovers from multinational firms can be particularly beneficial to firms in …

We investigate the effects of subsidized loans on the real activity of small firms. Despite the
lack of theoretical consensus, subsidized loans have been considered or used in many …

This paper analyzes the effectiveness of monetary transmission channels in Ukraine since
the National Bank of Ukraine (NBU) transitioned to inflation targeting and after the central …

We present a general-equilibrium behavioural microsimulation model designed to assess
long-run macroeconomic, fiscal and distributional consequences of tax and benefit reforms …

This paper attempts to aggregate and summarise fresh results concerning the monetary
transmission mechanism in Hungary. Within a research project at the MNB nine studies …

We present a new general-equilibrium behavioural microsimulation model designed to
assess long-run macroeconomic and fiscal consequences of reforms to the tax and transfer …

Implicit contract models imply that it is Pareto optimal for risk‐neutral firms to provide
insurance to risk‐averse workers against shocks. Using a matched employer–employee …