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We propose using a simple Taylor rule to evaluate business cycle convergence of the Czech Republic, Hungary, and Poland … with the Eurozone. Our findings indicate an ongoing convergence of those CEE countries to the Eurozone, but with … instabilities and heterogeneity between the countries. Especially Poland has shown a high degree of convergence in recent years. But …
Persistent link: https://www.econbiz.de/10012026337
This paper analyses the issue of the dynamics of the TARGET2 system balances during the sovereign debt crisis, when some countries registered a decisive inflow of the central bank liquidity and others showed an outflow. The dynamics in the TARGET2 are here explained as being due to a fall in the...
Persistent link: https://www.econbiz.de/10011408880
This paper investigates the effectiveness of monetary-fiscal policies interaction on price and output growth in Nigeria. The dynamic correlations of variables have been captured by the analyses of impulse response and variance decomposition. From innovation analyses, the results suggest that the...
Persistent link: https://www.econbiz.de/10011474838
private consumption and their investments. This paper aims to analyse the impact of remittances on economic growth, private … consumption, private investments and the government tax revenue in low and upper middle-income countries. The paper highlights one … are positively related with economic growth and private consumption expenditure. Moreover, the results also indicate that …
Persistent link: https://www.econbiz.de/10011793525
consumption, government debt, government expenditure, GDP per capita, population growth and inflation are variables which are used … an increase in government debt or government expenditure will decrease household consumption per capita. This implies … consumption and economic growth, particularly during economic downturn. …
Persistent link: https://www.econbiz.de/10011882502
Foreign direct investment (FDI) as a driver of growth is important in today´s globalized economy. It is extremely difficult for economies to grow sustainably without economic interactions outside their borders. However, there has been a debate on the impact of FDI inflow on economic expansion....
Persistent link: https://www.econbiz.de/10012388218
likely to have significant impacts on consumption, interest rates, and the current account. Empirical tests of these … on three empirical tests: effects on consumption, on interest rates, and on the current account balance. We find, across … results generally indicate that debt finance will increase the interest rate, will increase current consumption at the expense …
Persistent link: https://www.econbiz.de/10011537018
economic growth of eleven Central and Eastern European (CEE or EU11) countries, including their real convergence to the … equalization between the CEE countries and the EU15 is verified based on the β and σ convergence concepts. Second, the impact of … a clear-cut income-level convergence toward the EU15 and that variables associated with the EU membership (increasing …
Persistent link: https://www.econbiz.de/10012259712
The main goal of this article is to find the relationship between public fiscal policy and economic growth. The article consist of a few parts. The first is an introduction, which creates the background for the analysis in the following sections. It shows the main point of view on public fiscal...
Persistent link: https://www.econbiz.de/10010515544
The aim of the article is to verify the convergence process of the Central and Eastern Europe (CEE) (CEE10) countries … economic integration and convergence as well as business environment and growth. The study methods applied in in the article …10 and EU15 countries were developing in accordance with the convergence hypothesis. The impact of economic integration …
Persistent link: https://www.econbiz.de/10012021613