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Four Essays on Macroeconomic Aspects of the Transition Process
 Brůha, Jan ; Slobodyan, Sergey (advisor) ; Zamulin, Oleg (referee) ; Cobham, David (referee)
This dissertation is a sample of my research on macroeconomic aspects of the transition process in the Central European countries. During my doctoral studies, I have been especially interested in two issues: (1) environmental regulation and policy and (2) macroeconomic convergence. The first paper The decomposition and econometric analysis of air emissions in a transition country: the case of the Czech Republic is from the field of environmental economics and is empirically oriented. It analyzes air emissions of four classical pollutants in the Czech Republic during the transition period. The next three papers are macroeconomic papers based on theoretical modeling. The paper Real Exchange Rate in Emerging Economies: The Role of Different Investment Margins (written jointly with Jiří Podpiera) inquires about the mechanism of the strong pace of the real exchange rate appreciation observed in Central European transition economies. The paper introduces a quality investment margin and shows that the margin is needed for replicating the observed pace of the real exchange rate appreciation. The paper basically compares the steady state of the model for various levels of development of a converging country. The next paper The Dynamics of Economic Convergence: The Role of Alternative Investment Decisions...
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