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In Poland between 1989 and 1997, growth in money and wages fueled inflation and appreciation of the real exchange rate lowered it. Large administered price increases associated with adjustment-in utilities and other sectors controlled by the government-produced substantial upward inflationary...
Persistent link: https://www.econbiz.de/10012749197
This paper analyses the Balassa-Samuelson (B-S) framework for the case of Estonia using a unique dataset that consists of a 15-sectoral breakdown of GDP and a five-digit level CPI disaggregation with 260 items over the period from 1993 to 2002. Unlike the existing literature, the paper focuses...
Persistent link: https://www.econbiz.de/10014067119
The objective of the paper is to analyse the nominal and real convergence process in Estonia drawing on the Balassa-Samuelson (B-S) framework. A 15-sectoral breakdown for GDP and a 5-digit level CPI data disaggregation with over 260 items is used for the period 1993:Q1 to 2002:Q1 to show that...
Persistent link: https://www.econbiz.de/10014087357
The paper is organized as follows: Section 2 discusses briefly two main groups of theories that link inflation and relative price variability and provides a sketch of a survey of the literature. Section 3 takes on Ball and Mankiw's models predicting the causality from relative price variability...
Persistent link: https://www.econbiz.de/10013156386
Persistent link: https://www.econbiz.de/10011669736
In this essay, I argue that the explosion of inflation during the Salvador Allende administration in Chile (above 1,500% on a six-month annualized measure) was predictable. The government's use of massive and strict price controls generated acute macroeconomic imbalances. I postulate that the...
Persistent link: https://www.econbiz.de/10015333361
Persistent link: https://www.econbiz.de/10013436158
transiting countries, namely Ukraine and Belarus. The development of a new transit corridor through Belarus (the Yamal … analysis of the strategies that Ukraine and Belarus may pursue in transiting Russian gas: non-cooperative duopoly, cooperative … Russia, we estimate prices and quantities for gas transit, the expected profits for Russia, Ukraine, and Belarus, and the …
Persistent link: https://www.econbiz.de/10011435015
transiting countries, namely Ukraine and Belarus. The development of a new transit corridor through Belarus (the Yamal … analysis of nthe strategies that Ukraine and Belarus may pursue in transiting Russian gas: non-cooperative duopoly, cooperative … Russia, we estimate prices and quantities for gas transit, the expected profits for Russia, Ukraine, and Belarus, and the …
Persistent link: https://www.econbiz.de/10009492269
Persistent link: https://www.econbiz.de/10012297316