MACROECONOMIC PROBLEMS OF TRANSFORMATION

Edited by Hansjörg Herr, Professor, Fachhochschule für Wirtschaft, Berlin, Silke Tober, formerly Institute for Economic Policy and Economic History, Free University of Berlin, Germany and Andreas Westphal, European Central Bank, Germany

’An excellent reference book on current thinking.'

• Output collapse and economic recovery in Central and Eastern Europe, Hansjorg Herr et al; endogenous budget deficits during transition - the mechanism and policy response, Dariusz K. Rosati; macroeconomic transformation in Eastern Europe - the role of monetary policy reconsidered, Peter Bofinger; economic transformation in the Visegrad countries - a comparison, Laszlo Csaba; the Visegrad economies in transition - the comparative perspective of the macroeconomic stabilization pentagon - a comment on Csaba, Grzegorz W. Kolodka; exchanges versus production as the basis for the design of monetary, fiscal and exchange rate policies for the transformation process, Jan A. Kregel; a comment on Kregel, Hajo Riese; stability and credibility in the transition process of the previously centrally planned economies - a comparison with the postwar Italian experience, Biagio Bossone and Francesco Papadia; wage determination and incomes policy during economic transitions in Eastern Europe, Robert J. Flanagan; privatization in comparative perspective - an overview of key issues, Paul G. Hare; on the limits of dual sector models of post-socialist economies - a comment on Hare, David Stark; determinants of privatization strategies - the Hungarian and German experiences, Thomas Schmid-Schonbein; the exchange rate and transition - the case of former Czechoslovakia, Miroslav Hrncir; the Central and Eastern European countries and the EC, Richard Portes; the European monetary system and development strategies for countries in Central and Eastern Europe, Jurgen Kroger and Manfred Teutemann; from stabilization to growth - reconsidering trade and foreign investment, Stefan Collignon.