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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

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

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

The Assignment of Powers in an Open-ended European Union

Salmon, Pierre - CESifo - 2003

A major characteristic of the European Union is its transitional or evolving nature, in particular with regard to the assignment of powers between the two main levels of government. More precisely, under current constitutional arrangements, this evolving nature takes the form of an integration...

Persistent link: https://www.econbiz.de/10005766218

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

Disorganization and Financial Collapse

Marin, Dalia; Schnitzer, Monika - CESifo - 2000

, inter-firms arrears and barter in transition economies are connected. Based on a survey of 165 barter deals in the Ukraine …

Persistent link: https://www.econbiz.de/10005181229

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