Author/Editor: Nada Mora, Ratna Sahay, Jeronimo Zettelmeyer, Pietro Garibaldi.

Release Date:April, 2002

Between 1991 and 1999, capital flows to 25 transition economies in Europe and the former Soviet Union differed widely in terms of overall levels and the share and composition of private flows. With more...

Author/Editor: Pietro Garibaldi, Zuzana Brixiova.

Release Date:October, 1997

This paper studies interactions between labor market institutions and unemployment dynamics in transition economies. It presents a dynamic matching model in which state sector firms endogenously shed more...

Author/Editor: Pietro Garibaldi.

Release Date:April, 1997

This paper presents theory and evidence on the asymmetric effects of monetary policy on job creation and job destruction. First, it solves a dynamic matching model and it shows how interest rate more...