Here, a group of economists examines the cause of the dramatic output collapse in the transforming economies of Eastern Europe. They also formulate policies to promote economic recovery.

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.