“Hardening of the Budget Constraint: The Experience of the Post-socialist Countries.” European Economic Review, 2001, Vol. 45., No. 9. pp. 1573-1600. Original: 6.54, in English: 1996.

Kornai János: “Hardening of the Budget Constraint: The Experience of the Post-socialist Countries.” European Economic Review, 2001, Vol. 45., No. 9. pp. 1573-1600. Original: 6.54, in English: 1996.

EUROPEAN ECONOMIC REVIEW EDITORS: Jordi Gáli, CREI, Universität Pompeu Fabra, Ramon Trias Fargas 25, 08005 Barcelona, Spain Jörn-Steffen Pischke, London School of Economics, Centre for Economic Performance, Houghton Street, London WC2A 2AE, United Kingdom Klaus Schmidt, Department of Economics, Universität München, Ludwigstrasse 28 (Rgb.), D-80539 München, Germany Harald Uhlig, Department of Economics, Humboldt University, Spandauer Str. 1, 10178 Berlin, Germany Xavier Vives, Managing Editor, Institut d’Anàlisi Econômica (CSIC), Campus UAB, E-08193 Bellaterra, Barcelona, Spain. E-mail: eer.x.vives@iae.csic.es ASSOCIATE EDITORS: B. BIAIS, IDEI, Université des Sciences Sociales de Toulouse, Toulouse, France A.L. BOVENBERG, Tilburg University, Tilburg, The Netherlands R. CAMINAL, Institut d’Anàlisi Econômica, Barcelona, Spain F. CANOVA, Universität Pompeu Fabra, Barcelona, Spain A. CICCONE, Universität Pompeu Fabra, Barcelona, Spain F. CORNELLI, London Business School, London, UK J. CRÉMER, IDEI, Université des Sciences Sociales de Toulouse, Toulouse, France J. DE MELO, Université de Genève, Geneva, Switzerland Z. ECKSTEIN, Tel Aviv University, Tel Aviv, Israel A. FATAS, INSEAD, Fontainebleau, France C. FAVERO, IGIER, Milano, Italy E. FEHR, University of Zürich, Zurich, Switzerland H. FLAM, University of Stockholm, Stockholm, Sweden M. HOEL, University of Oslo, Oslo, Norway S. HOLDEN, University of Oslo, Oslo, Norway A. ICHINO, European University Institute, San Domenico di Fiesole (FI), Italy PH. JEHIEL, CERAS, Ecole Nationale des Ponts & Chaussées, Paris, France PH. LANE, Trinity College Dublin, Dublin, Ireland L. LJUNGQVIST, Stockholm School of Economies, Stockholm, Sweden TH. MAGNAC, INRA/LEA, Paris, France I. MIHOV, INSEAD, Fontainebleau, France M. MOTTA, European University Institute, San Domenico di Fiesole (Fl), Italy L. REICHLIN, ECARE, Université Libre de Bruxelles, Brussels, Belgium T. REQUATE, University of Heidelberg, Heidelberg, Germany G. SAINT-PAUL, GREMAQ-IDEI, Toulouse, France D. TSIDDON, Tel Aviv University, Tel Aviv, Israel J. C. VAN OURS, Katholieke Universiteit Brabant, Tilburg, The Netherlands J. VAN REENEN, Institute for Fiscal Studies, London, UK F. VERBOVEN, University of Leuven, Leuven, Belgium J. VON HAGEN, Universität Bonn, Bonn, Germany V. WIELAND, Goethe Universität Frankfurt, Frankfurt am Main, Germany F. ZILIBOTTI, Stockholm University, Stockholm, Sweden OVERSEAS EDITORS: A. ALESINA, Harvard University, Cambridge, MA, USA A.S. DEATON, Princeton University, Princeton, NJ, USA K. -U. KÜHN, University of Michigan, Ann Arbor, Ml, USA D. RODRIK, Harvard University, Cambridge, MA, USA J. WOOLDRIDGE, Michigan State University, East Lansing, Ml, USA