Nominal vs Real: An Inquiry

In my blog from December 2018 - Is the advanced East as rich as Southern Europe? - I tried to flash out why it is worth looking at nominal variables alongside the real ones when gauging the state of convergence of the Eastern European countries to the developed West....

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AI in CEE: Time to ponder

The advent of Artificial Intelligence (AI) applied to many sectors of national economies and thus driving Industrial Revolution 4.0. will likely bring a large increase in output and labor productivity in economies of Central and Eastern Europe. This is because the...

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It is brands, Economist !

It is brands, Economist ! Typically, many economists have not always fully appreciated business disciplines of softer nature – marketing as a field quickly comes to one’s mind. Yet, it is enormous how significant is the value astute marketing people can create for the...

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Euro and real exchange rates

This year it has been twenty years since the introduction of the euro on the financial markets following the fixing the cross-exchange rates of the currencies of founding eurozone countries. For some, this step as of 1 January 1999 meant a reason for celebration as...

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Beyond FDI model

Nearly three decades ago, at the onset of transition, ex-socialist countries’ enterprise sector was lagging severely behind that in the developed West - machines, and technology more broadly, were largely obsolete, labor productivity low and managerial techniques...

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Pro-growth agendas to gain traction in CEE ?

It is nearly three decades since the fall of the Berlin Wall which led to an upheaval in Central and Eastern Europe (CEE) unleashing fundamental changes in the formerly socialist countries of the region. The task of revamping the socio-economic systems of these...

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