Croatia’s EU membership and the dilemma of state aid (by Roman Stöllinger; pp. 1-7) Keywords: state aid, industrial policy, shipyards Countries covered: Croatia Topics: Macroeconomic Analysis and Policy Panel data analysis of the CEECs: tracing growth determinants over time (by Doris Hanzl-Weiss; pp. 8-14) Keywords: panel regressions, growth determinatns Countries covered: CEECs Topics: Macroeconomic Analysis and Policy Japan, the United States and the euro area (by Mario Holzner; pp. 15-18) Keywords: growth, demography Countries covered: Japan, United States, euro ar...more

Political turmoil and early elections in Bulgaria (by Rumen Dobrinsky; pp. 1-4) Keywords: Bulgaria, elections Countries covered: Bulgaria Topics: Other A revival of industrial policy as a growth model for Russia? (by Peter Havlik; pp. 5-6) Keywords: industrial policy, growth model Countries covered: Russia Topics: Macroeconomic Analysis and Policy; International Trade, Competitiveness and FDI The determinants of income polarization at the household and country level across the EU (by Mario Holzner; pp. 7-10) Keywords: income polarization, fiscal policy Countries cove...more

The new Multiannual Financial Framework of the European Union for 2014-2020: a comment (by Sándor Richter; pp. 1-3) Keywords: financial framework Countries covered: EU Topics: Macroeconomic Analysis and Policy Labour costs, external competitiveness and economic growth in new EU member states (by Vasily Astrov; pp. 4-11) Keywords: labour costs, competitiveness, inflation Countries covered: NMS Topics: Macroeconomic Analysis and Policy, International Trade, Competitiveness and FDI Global values – new reflections and new data on an old debate (by Arno Tausch; pp. 12-18...more

The European Commission grossly underestimates the effects of German domestic demand expansion (by Leon Podkaminer; pp. 1-2) Keywords: income elasticity of imports, external imbalances Countries covered: Germany, EU Topics: Macroeconomic Analysis and Policy, International Trade, Competitiveness and FDI The new North-South divide in Europe – can the European convergence model be resuscitated? (by Michael Landesmann; pp. 3-13) Keywords: convergence model Countries covered: EU Topics: Macroeconomic Analysis and Policy; International Trade, Competitiveness and FDI Change...more

Draghi’s démarche and the nightmare of the Bundesbank (by Jan Toporowski; pp. 1-2) Keywords: monetary policy, monetary union, euro, bonds’ buyout Countries covered: EU Topics: Macroeconomic Analysis and Policy Trade does not drive global growth (by Leon Podkaminer; pp. 3-8) Keywords: global growth, global trade, VEC Countries covered: The World Topics: Macroeconomic Analysis and Policy, International Trade A note on Kazakhstan’s Oil Fund (by Vasily Astrov; pp. 9-14) Keywords: sovereign wealth, oil revenue Countries covered: Kazakhstan Topics: Sectoral studies ...more

Eurozone crisis and fiscal austerity push half of the CESEE region into recession (by Vasily Astrov; pp. 1-3) Keywords: economic forecasts, GDP growth, inflation Countries covered: Albania, Bosnia and Herzegovina, Croatia, Macedonia, Montenegro, Serbia, Kazakhstan, Russia, Ukraine Topics: Macroeconomic Analysis and Policy Albania: EU, ho! (conditionally) (by Mario Holzner; pp. 4-6) Keywords: economic forecasts, GDP growth, inflation Countries covered: Albania Topics: Macroeconomic Analysis and Policy Bosnia and Herzegovina: change without evolution (by Vladimir Gligorov...more

Bulgaria: economic sluggishness expected to drag on (by Rumen Dobrinsky; pp. 1-3) Keywords: economic forecasts, GDP growth, inflation Countries covered: Bulgaria Topics: Macroeconomic Analysis and Policy Czech Republic: deepening recession(by Leon Podkaminer; pp. 4-6) Keywords: economic forecasts, GDP growth, inflation Countries covered: Czech Republic Topics: Macroeconomic Analysis and Policy Estonia: domestic demand mitigates slowdown (by Sebastian Leitner; pp. 7-9) Keywords: economic forecasts, GDP growth, inflation Countries covered: Estonia Topics: Macroeconomic...more

Trade and economic integration in the CIS: an evaluation (by Vasily Astrov, Peter Havlik and Olga Pindyuk; pp. 1-3) Keywords: trade, economic integration Countries covered: CIS Topics: International Trade, Competitiveness and FDI Volume and variety of intra-bloc trade in an expanded European Union (by Neil Foster; pp. 4-10) Keywords: intra-bloc trade, expanded EU Countries covered: EU Topics: International Trade, Competitiveness and FDI The gravity of cross-border R&D expenditure (by Sandra M. Leitner, Robert Stehrer and Bernhard Dachs; pp. 11-21) Keywords: R&D, gravit...more

Financial balances of the private, foreign and public sectors: long-term tendencies for the European Union (by Roman Römisch; pp. 1-6) Keywords: fiscal policy, budget deficits, investments and savings, public-private balances Countries covered: European Union Topics: Macroeconomic Analysis and Policy Labour hoarding during the crisis: Evidence for selected new member states from the Financial Crisis Survey (by Sandra M. Leitner and Robert Stehrer; pp. 7-13) Keywords: labour hoarding, financial crisis, firm-level analysis Countries covered: Bulgaria, Hungary, Latvia, Lithuania, ...more

The transformation of international financial markets and the future of the eurozone (by John Eatwell; pp. 1-6) Keywords: Financial Markets, euro, Debt Crisis Countries covered: European Union Topics: Macroeconomic Analysis and Policy The harmonisation of banking supervision: a chokehold (by Tomasz Chmielewski and Andrzej Slawinski; pp. 7-9) Keywords: Banking Supervision, Harmonisation Countries covered: European Union Topics: Macroeconomic Analysis and Policy The impact of offshoring on the skill structure of labour demand (by Neil Foster and Robert Stehrer; pp. ...more