Narrow search
Showing 1 - 10 of 224
Cover Image
Price Level Changes and the Redistribution of Nominal Wealth Across the Euro Area
Adam, Klaus; Zhu, Junyi - C.E.P.R. Discussion Papers - 2014
, and Belgium and Malta being the largest losers. Governments are net winners of inflation, while the household (HH) sector …, while HHs in Finland and Spain turn out to be net winners of inflation. Considerable heterogeneity exists also within the HH … sector: relatively young middle class HHs are net winners of inflation, while older and richer HHs are losers. As a result …
Persistent link: https://www.econbiz.de/10011084690
Cover Image
Four Essays and a Funeral: Budgetary Arithmetic under the Maastricht Treaty
Hughes Hallett, Andrew; McAdam, Peter - C.E.P.R. Discussion Papers - 1996
being successfully cut to the required 3% limit in conditions of low growth and low inflation; and (d) the convergence …
Persistent link: https://www.econbiz.de/10005662162
Cover Image
Fiscal Deficit Reductions in Line with the Maastricht Criteria for Monetary Union: An Empirical Analysis
Hughes Hallett, Andrew; McAdam, Peter - C.E.P.R. Discussion Papers - 1996
Of all the institutional arrangements for monetary union in Europe, the fiscal convergence criteria have proved the most difficult to achieve and the most controversial because of their presumed deflationary impact on economies already suffering high unemployment. This paper examines what fiscal...
Persistent link: https://www.econbiz.de/10005656418
Cover Image
The Potential for Trade Between the Countries of EFTA and Central and Eastern Europe
Baldwin, Richard - C.E.P.R. Discussion Papers - 1993
Recent events, historical evidence and geographical proximity suggest that the six EFTAns and twelve Central and East European countries (CEECs) are natural trading partners. This paper evaluates this suggestion by estimating the potential for EFTA-CEEC trade using the gravity model of Wang and...
Persistent link: https://www.econbiz.de/10005662064
Cover Image
The Trading Potential of Eastern Europe
Wang, Zhen Kun; Winters, L. Alan - C.E.P.R. Discussion Papers - 1991
This paper fits a gravity model to the trade of 76 market economies. It then applies the model to data on East European economies to estimate what their trading potential might have been, had behaved like market economies in the mid-1980s. At existing levels of national income, the...
Persistent link: https://www.econbiz.de/10005662085
Cover Image
Methods of Privatization: Auctions, Bargaining and Give-Aways
Schmidt, Klaus M.; Schnitzer, Monika - C.E.P.R. Discussion Papers - 1997
The paper surveys recent results of auction theory, bargaining theory and political economy in order to compare different methods of privatization. We assume that a government is not only interested in maximizing revenues from privatization, but also in achieving an efficient allocation of...
Persistent link: https://www.econbiz.de/10005666841
Cover Image
Learning and Dynamic Comparative Advantage: Lessons from Austria's Post-war Pattern of Growth for Eastern Europe
Marin, Dalia - C.E.P.R. Discussion Papers - 1995
This paper looks at Austria's pattern of development and its lessons for Eastern Europe. Austria's development path is characterized by three features. In the post-war era Austria was among the countries with the fastest convergence rate. At the same time Austria's movement up the technological...
Persistent link: https://www.econbiz.de/10005666891
Cover Image
Sequencing the Transition
Newbery, David M G - C.E.P.R. Discussion Papers - 1991
The inefficiency of Soviet-type economies results from their monopolized production structure, which makes soft budget constraints almost inevitable, as enterprises have bargaining power and must face expropriative tax rates for macroeconomic stability. Systemic reform aims to improve...
Persistent link: https://www.econbiz.de/10005667112
Cover Image
The Role of Political Constraints in Transition Strategies
Roland, Gérard - C.E.P.R. Discussion Papers - 1994
This paper trys to clarify the political economy arguments underlying the big bang and the gradualist approach to economic transition. The big bang approach emphasizes the importance of windows of opportunity when ex ante political constraints are less binding, whereas gradualist programmes are...
Persistent link: https://www.econbiz.de/10005791538
Cover Image
Financial Reform in Eastern Europe: Progress With the Wrong Model
Corbett, Jennifer; Mayer, Colin - C.E.P.R. Discussion Papers - 1991
Eastern Europe is engaged in a massive programme of financial reform. This paper argues that while this programme has many desirable features, it has failed to address some of the most basic issues. These concern the relationship between the financial system and the enterprise sector, and the...
Persistent link: https://www.econbiz.de/10005791741