Economic Dynamics in Transitional Economies

Sergi (political science, U. of Messina, Italy) describes his political economy of transitional economies of Central and Eastern Europe. He applies game theory to macroeconomics and analyzes the emergence of inflation-adverse, unemployment- adverse, and soft-budget-constraint type governments. He examines fiscal and monetary aspects of political economy and attempts to offer explanations for the "syndromes" that marred the transition economies throughout the 1990s. Finally, he looks at the likely impact of European institutions and Europeanization. Annotation ©2004 Book News, Inc., Portland, OR