Editorial introduction

ABSTRACT

Can new, alternative asset classes perform useful functions in this regard or are these assets more likely to cause market disturbances in the future? - How to shape operations and corporate governance of businesses to avoid additional, unnecessary internal disruptions and costs? - How to model and price market risk during a period of rapidly increasing inflation and interest rates? - What is the impact of inevitably rising arms spending on the world economy and individual countries? [...]the authors call for anti-terrorism policies going beyond the use of military interventions targeted at reducing ethnic and religious tensions and improving the quality of governance. The analysis based on quarterly and annual data identifies reallocation shocks rather than shocks to aggregate activity in the Polish economy, with concomitant declines in employment in some sectors (such as the arts, entertainment and recreation) accompanied by increases in others (such as human health and social work activities). [...]the researchers argue that government policies aimed at protecting jobs should be selective and favour flexible regulation of the labour market to allow for the desired shifts among sectors.