Economic time series exhibit periodically recurrent movements at the daily, weekly, and monthly levels. Also known as seasonality, it has been usually treated as a nuisance to be removed prior to analysis. Often, data is already deseasonalised by data providers since it distracts from medium-term time trends and long-term cycles. Moreover, seasonality disappears when data are aggregated to a yearly basis – it is a phenomenon at work at shorter time frames. It is an…
Measured with the Economic Freedom of the World ratings framework, Slovenia’s situation in 2015 was inferior, relative to 1995, in several areas. Notably, regarding government consumption, private sector credit, the legal system, and property rights.
Because of the binding constraints of European treaties and EU law, there are few remaining lines of attack against the Bank of Slovenia’s independence. This article places these developments within the normative and positive contexts of free markets.
If privatisation is indeed to work its magic and liberate markets from politicians, predictable mistakes should be avoided. Thinking about privatisation failure can improve privatisation itself.