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Is Poland at Risk of a Boom-and-Bust Cycle in the Run-Up to Euro Adoption?
Eichengreen, Barry; Steiner, Katharina - C.E.P.R. Discussion Papers - 2008
We ask whether Poland is at risk of the boom-bust problem that has afflicted economies around the time of euro adoption …. Our answer, inevitably, is mixed. On the one hand the fact that Poland is an outlier, credit-growth wise, accentuates the … Poland. And it is certainly conceivable that the same policies and country characteristics (not always visible to the …
Persistent link: https://www.econbiz.de/10005124037
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Wage and Pension Pressure on the Polish Budget
Crombrugghe, Alain L de - C.E.P.R. Discussion Papers - 1997
This paper studies the role of wage and pension pressures in explaining the budget deficit crisis of 1991–2 after the remarkable 1990 Polish economic stabilization and liberalization. It also explains the persistence of the high tax wedge that later helped overcome the budget crisis. The...
Persistent link: https://www.econbiz.de/10005136543
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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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Economic Change in Poland
Blanchard, Olivier J; Layard, Richard Grenville - C.E.P.R. Discussion Papers - 1990
Poland has tackled its economic problems with courage and, thus far, success. Hyperinflation has ceased, the well …, unemployment benefits could be replaced after one year by paid temporary employment on public works.Inflation still needs to be …
Persistent link: https://www.econbiz.de/10005281301
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Persistent effects of empires: Evidence from the partitions of Poland
Grosfeld, Irena; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2013
We use spatial regression discontinuity analysis to test whether the historical partition of Poland among three empires …—Russia, Austria-Hungary, and Prussia—has a persistent effect on political outcomes in contemporary Poland and to examine the channels …
Persistent link: https://www.econbiz.de/10011083639
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Advantage Through Training? A Microeconometric Evaluation of the Employment Effects of Active Labour Market Programmes in Poland
Puhani, Patrick A - C.E.P.R. Discussion Papers - 1998
in Poland. The analysis is based on retrospective monthly calendar information on the labour force state and Active …
Persistent link: https://www.econbiz.de/10005792494
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Fiscal Norming of Wages to Promote Employment with Monopoly Unions
Crombrugghe, Alain L de; de Walque, Gregory - C.E.P.R. Discussion Papers - 1997
The paper analyses how a firm-level tax (or subsidy) calculated on the average wage relative to a pre-set norm may promote employment. We assume a monopoly union setting wages at the firm level to maximize that part of the wage bill exceeding the reservation wage. The fiscal device affects union...
Persistent link: https://www.econbiz.de/10005662313
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On the Identification of Relative Wage Rigidity Dynamics: A Proposal for a Methodology on Cross-Section Data and Empirical Evidence for Poland in Transition
Puhani, Patrick A - C.E.P.R. Discussion Papers - 2001
We present a new and simple empirical methodology to identify relative wage rigidity dynamics. The methodology is applied to data from the Polish Labour Force Survey for the period 1994 to 1998. We estimate ceteris paribus changes in relative wage and unemployment differentials for various...
Persistent link: https://www.econbiz.de/10005666923
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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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Unemployment and Inflation in Ireland: 1926-2012
Gerlach, Stefan; Lydon, Reamonn; Stuart, Rebecca - C.E.P.R. Discussion Papers - 2015
We study the determination of Irish inflation between 1926 and 2012. The difference between unemployment and the NAIRU … is a significant determinant of inflation in a simple backward-looking Phillips Curve that incorporates import prices …
Persistent link: https://www.econbiz.de/10011272719