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Catching Up With Eastern Europe? The European Union's Mediterranean Free Trade Initiative

Djankov, Simeon; Hoekman, Bernard - C.E.P.R. Discussion Papers - 1995

This paper discusses the potential role of a Euro-Mediterranean Agreement (EMA) in helping Middle East and North African governments implement structural economic reforms. The arguments for and against preferential liberalization are summarized, identifying a number of necessary conditions for...

Persistent link: https://www.econbiz.de/10005136673

Macroeconomic Adjustment Under Bretton Woods and the Post-Bretton-Woods Float: An Impulse-Response Analysis

Bayoumi, Tamim; Eichengreen, Barry - C.E.P.R. Discussion Papers - 1992

We use time-series methods to estimate a simple aggregate supply and demand model in order to analyse the comparative performance of fixed and flexible exchange rate systems and test competing hypotheses designed to explain shifts between exchange rate regimes. The paper provides a coherent...

Persistent link: https://www.econbiz.de/10005136700

Trade Liberalization and Enterprise Restructuring in Bulgaria, 1992-4

Djankov, Simeon; Hoekman, Bernard - C.E.P.R. Discussion Papers - 1995

This paper empirically tests the link between trade openness and enterprise restructuring in Bulgaria. It belongs to a recent line of work in the empirical trade literature that investigates the effects of trade policy on firm behaviour. The trade liberalization following the 1991 economic...

Persistent link: https://www.econbiz.de/10005662077

Lending Booms: Latin America and the World

Gourinchas, Pierre-Olivier; Landerretche, Oscar; … - C.E.P.R. Discussion Papers - 2001

Recent theories on the origins of crises put lending booms at the root of financial collapses. Yet lending booms may be a natural consequence of economic development and fluctuations. So, are lending booms dangerous? In this Paper, we investigate this question empirically using a broad sample of...

Persistent link: https://www.econbiz.de/10005136756

Public investment: a remedy or a curse? Examining the Role of Public Investment for Macroeconomic Performance

Ismihan, Mustafa; Ozkan, F Gulcin - C.E.P.R. Discussion Papers - 2007

This paper explores the implications of public investment for macroeconomic performance within a simple two-period policymaking model. We show that under the balanced-budget rule, the contribution of public investment to future output plays a key role in determining its effects on macroeconomic...

Persistent link: https://www.econbiz.de/10005791555

Macroeconomic Shocks, the ERM, and Tri-Polarity

Bayoumi, Tamim; Taylor, Mark P - C.E.P.R. Discussion Papers - 1992

We analyse the importance of ERM membership for macroeconomic performance by comparing the behaviour of real output growth and inflation of members and non-members of the ERM. Taking the traditional aggregate supply and demand model as the basis for the analysis, we propose and implement an...

Persistent link: https://www.econbiz.de/10005792086

What do Russians think about transition?

Denisova, Irina; Eller, Markus; Zhuravskaya, Ekaterina - C.E.P.R. Discussion Papers - 2009

We use data from the 2006 round of the Russian Longitudinal Monitoring Survey (RLMS) to describe perceptions of the Russian population about the transition process and the role of the state compared to that of free markets. We find that about one half of Russian population is disappointed with...

Persistent link: https://www.econbiz.de/10008506841

Job Reallocation and Productivity Growth Under Alternative Economic Systems and Policies: Evidence from the Soviet Transition

Brown, J David; Earle, John S - C.E.P.R. Discussion Papers - 2003

Soviet Republics of Russia and Ukraine. Exploiting annual manufacturing census data from 1985 to 2000, we find that Soviet … Russia displayed job flow behaviour quite different from market economies, with very low rates of job reallocation that bear … reforming Russia than in ‘gradualist’ Ukraine, as did the estimated effects of privatization and competitive pressures from …

Persistent link: https://www.econbiz.de/10005123720

Are Russian Commercial Courts Biased? Evidence from a Natural Bankruptcy Experiment

Lambert-Mogiliansky, Ariane; Sonin, Konstantin; … - C.E.P.R. Discussion Papers - 2006

We study the nature of judicial bias in bankruptcy proceedings following the enactment of bankruptcy law in Russia in …

Persistent link: https://www.econbiz.de/10005123934

Government Cash Transfers, Household Consumption, And Poverty Alleviation - The Case Of Russia

Richter, Kaspar - C.E.P.R. Discussion Papers - 2000

of changes in government cash benefits on poverty rates in Russia during 1994 to 1998. The methodological contribution is …

Persistent link: https://www.econbiz.de/10005124403

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