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research agenda which accounts not only for basic economic and demographic factors, but also for the role of history and … institutional development. After reporting results from standard growth regressions, I analyze the role of Africa’s peculiar history …
Persistent link: https://www.econbiz.de/10009225960
We illustrate the ongoing research line on Growth, History, and Institutions, which adds to economic growth analysis a …. We conclude with policy implications of the Growth, History, and Institutions research line. …
Persistent link: https://www.econbiz.de/10005656343
The first part of the paper analyzes the inflationary risks associated with price liberalization, the welfare costs of inflation and the difficulties of East European central banks in pursuing non-inflationary policies. The main obstacles are the low credibility of stabilization policies and a...
Persistent link: https://www.econbiz.de/10005123602
The paper analyzes the role of a multilateral payments union (PU) between East European countries (EEPU) as an intermediate solution in the process to full convertibility. After a description of the main functions of a PU, which is based on the historical model of the European Payments Union, it...
Persistent link: https://www.econbiz.de/10005497971