Similar Search Results

Monetary Transmission Mechanism in Transition Economies: Surveying the Surveyable

Egert, Balazs; MacDonald, Ronald - CESifo - 2006

This paper surveys recent advances in the monetary transmission mechanism (MTM). In particular, while laying out the functioning of the separate channels in the MTM, special attention is paid to exploring possible interrelations between different channels through which they may amplify or...

Persistent link: https://www.econbiz.de/10005094342

Modeling Institutions, Start-Ups and Productivity during Transition

Brixiova, Zuzana; Egert, Balazs - CESifo - 2010

The transition paths from plan to market have varied markedly across countries. Central and Eastern European and the … firms at an earlier stage of transition, underscoring the importance of reforms. The role of the state sector as an employer … during transition rises in countries where reforming institutions is particularly costly. …

Persistent link: https://www.econbiz.de/10008572571

Asymmetry in Volatility: A Comparison of Developed and Transition Stock Markets

Wdowinski, Piotr; Malecka, Marta - CESifo - 2010

ARCH modelling framework of Engle (1982) and its GARCH generalization of Bollerslev (1986) gave a huge impetus to econometric model building in the field of financial time series with time-varying variance. The main idea of the models was to describe the most typical features of capital markets...

Persistent link: https://www.econbiz.de/10008583696

How I Learned to Stop Worrying and Love the Crisis

Fidrmuc, Jan; Tichit, Ariane - CESifo - 2012

We investigate the effects of economic crises on the subsequent economic performance, economic reform, democratization and institutional change. Our analysis is based on a sample of post-communist countries, most of which experienced severe economic crises during the 1990s. We find that the...

Persistent link: https://www.econbiz.de/10009645638

The Business Environment in the Transition

Carlin, Wendy; Schaffer, Mark - CESifo - 2012

Following the collapse of planning, new small and medium-sized firms rapidly emerged in all transition economies. Using … formerly planned economies with those in economies outside transition, we document not only the challenges faced by transition …

Persistent link: https://www.econbiz.de/10010877887

Reform, Uncertainty and Spillovers - A Gravity Model Approach

Fidrmuc, Jan; Karaja, Elira; Tichit, Ariane - CESifo - 2012

Reforms often occur in waves, seemingly cascading from country to country. We argue that such reform waves may be driven by informational spillovers: uncertainty about the outcome of reform is reduced by learning from the experience of similar countries. We motivate this hypothesis with a simple...

Persistent link: https://www.econbiz.de/10009651184

Anthropometric Dividends of Czechoslovakia's Break Up

Costa-i-Font, Joan; Kossarova, Lucia - CESifo - 2014

Processes of transition to democracy and country break up stand out as ideal experiments to estimate the impact of wide … and 0.148cm for Czechs. Results were robust to using an alternative dataset and suggest that although transition paths …

Persistent link: https://www.econbiz.de/10011148854

Good Institutions are not enough: Ongoing Challenges of East German Development

Carlin, Wendy - CESifo - 2010

A major theme in accounts of the transitional recession and delayed convergence in post-communist economies is the role of institutions. Yet via unification, East Germany had immediate access to credible, high quality institutions. This paper argues that success in a capitalist economy depends...

Persistent link: https://www.econbiz.de/10008671711

Real Convergence, Price Level Convergence and Inflation Differentials in Europe

Egert, Balázs - CESifo - 2007

economic convergence may push up inflation rates in transition economies. Cyclical effects and regulated prices are found to be … exchange rate plays a prominent (but declining) role in transition economies. …

Persistent link: https://www.econbiz.de/10005765781

Neutral Taxation of Shareholder Income? Corporate Responses to an Announced Dividend Tax

Alstadsæter, Annette; Fjaerli, Erik - CESifo - 2009

The introduction of the 2006 Norwegian shareholder income tax was announced in advance, and it increased top marginal tax rates on individual dividend income from zero to 28 percent. We document strong timing effects on dividend payout on a large panel of non-listed corporations, with a surge of...

Persistent link: https://www.econbiz.de/10005765924