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The Output Decline in Central and Eastern Europe: A Classical Explanation
Bofinger, Peter - C.E.P.R. Discussion Papers - 1993
puzzling observation that the former CSFR, Hungary and Poland experienced a relatively similar decline in output in spite of … evidence for a `credit crunch' in Poland is not very strong. The paper also discusses the `Soviet trade shock' as a possible … cause for the output drop. It shows that Hungary and Poland -- and to some extent the CSFR -- were able to compensate their …
Persistent link: https://www.econbiz.de/10005123537
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Problems of Post-CMEA Trade and Payments
Rosati MEP, Dariusz - C.E.P.R. Discussion Papers - 1992
The demise of the CMEA trading system in 1991 and the shift to convertible currency settlements and world market prices was expected to bring about a severe contraction of intra-group trade, coupled with large imbalances in trade between Eastern Europe and the former Soviet Union. The observed...
Persistent link: https://www.econbiz.de/10005136560
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Privatisation in Poland: What Was the Government Trying to Achieve?
De Fraja, Gianni; Roberts, Barbara M - C.E.P.R. Discussion Papers - 2007
This paper uses the sequencing of privatisation to infer the objective pursued by the Polish government in the privatisation of its large manufacturing firms in the second half of the 1990's. We construct a model of mixed oligopoly, and use it to evaluate the privatisation process; our analysis...
Persistent link: https://www.econbiz.de/10005661699
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Does polarization of opinions lead to polarization of platforms? the case of correlation neglect
Levy, Gilat; Razin, Ronny - C.E.P.R. Discussion Papers - 2015
In this paper we question the common wisdom that more polarized voters’ opinions imply larger policy polarization. We analyze a voting model in which the source of the polarization in voters’ opinions is “correlation neglect”, that is, voters neglect the correlation in their information...
Persistent link: https://www.econbiz.de/10011165657
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Public Opinion on Immigration: Has the Recession Changed Minds?
Hatton, Timothy J. - C.E.P.R. Discussion Papers - 2014
It is widely believed that the current recession has soured public attitudes towards immigration. But most existing studies are cross sectional and can shed little light on the economy-wide forces that shift public opinion on immigration. In this paper I use the six rounds of the European Social...
Persistent link: https://www.econbiz.de/10011083671
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Public Debate and Stock Prices: Evidence from the Voting Premium
Braggion, Fabio; Giannetti, Mariassunta - C.E.P.R. Discussion Papers - 2013
An intense debate on the use of limited-voting shares developed in the UK during the 1950s. Using a unique hand-collected dataset, we show that negative news coverage of limited-voting shares is associated with an increase in the relative price of voting and limited-voting shares (the voting...
Persistent link: https://www.econbiz.de/10011084453
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Leading Indicators for Euro Area Inflation and GDP Growth
Banerjee, Anindya; Marcellino, Massimiliano; Masten, Igor - C.E.P.R. Discussion Papers - 2003
In this Paper we evaluate the role of a set of variables as leading indicators for Euro-area inflation and GDP growth. Our evaluation is based on using the variables in the ECB euro area model database, plus a set of similar variables for the US. We compare the forecasting performance of each...
Persistent link: https://www.econbiz.de/10005662386
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Effects of Ownership and Financial Status on Corporate Environmental Performance
Earnhart, Dietrich; Lizal, Lubomir - C.E.P.R. Discussion Papers - 2002
This Paper analyses the effects of ownership structure on corporate environmental performance and examines the link from financial performance to environmental performance in a transition economy. In particular, it analyses these ownership effects and this performance link using an unbalanced...
Persistent link: https://www.econbiz.de/10005123506
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Matching Across Space: Evidence on Mobility in the Czech Republic
Burda, Michael C; Profit, Stefan - C.E.P.R. Discussion Papers - 1996
The increase in dispersion of regional unemployment in the Czech Republic, despite low overall joblessness, is suggestive of low labour mobility. At the same time, standard matching functions estimated with district level panel data exhibit spatial instability. A simple model of non-sequential...
Persistent link: https://www.econbiz.de/10005123969
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Regional Unemployment and Human Capital in Transition Economies
Jurajda, Stepan; Terrell, Katherine - C.E.P.R. Discussion Papers - 2007
Differences in regional unemployment in post-communist economies are large and persistent. We show that inherited variation in human-capital endowment across the regions of four such economies explains the bulk of regional unemployment variation there and we explore potential explanations for...
Persistent link: https://www.econbiz.de/10005136518