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economic growth in Poland over the period Q2, 1993 – Q2, 2003. …
Persistent link: https://www.econbiz.de/10005766248
In the paper we analyze determinants of the capital market beta risk in Poland in the monthly period 1996-2002. The … market risk in Poland in the period 1999-2002. We find that monetary variables as exchange rate and interest rate have … relatively more power than real variables in explaining the beta market risk in Poland. …
Persistent link: https://www.econbiz.de/10005249463
administrative co-operation with the central government and of the less well-developed financial market in Poland, the Slovak …
Persistent link: https://www.econbiz.de/10005406201
to survey the recent development of municipal finance: Britain, Germany, Poland and Switzerland. This paper firstly …
Persistent link: https://www.econbiz.de/10005406299
This paper constructs a theory of the coexistence of fixed-term and permanent employment contracts in an environment with ex-ante identical workers and employers. Workers under fixed-term contracts can be dismissed at no cost while permanent employees enjoy labor protection. In a labor market...
Persistent link: https://www.econbiz.de/10008511611
public unemployment insurance program requiring a significant premium payment. A safety net program--a less generous, means …
Persistent link: https://www.econbiz.de/10011155371
unemployment. Labor market regulations, unemployment benefits, and high levels of public consumption in many European countries …
Persistent link: https://www.econbiz.de/10011205377
(EMU) led to lower wage growth and lower unemployment in participating countries. Following Grüner’s model, monetary … national business cycles which, in turn, leads to higher unemployment risk. In order to counter-balance this effect, trade … unions lower their claims for wage mark-ups resulting in lower wage growth and lower unemployment. This paper uses …
Persistent link: https://www.econbiz.de/10009020101
The Friedman rule states that steady-state welfare is maximized when there is deflation at the real rate of interest. Recent work by Khan et al (2003) uses a richer model but still finds deflation optimal. In an otherwise standard new Keynesian model we show that, if households have hyperbolic...
Persistent link: https://www.econbiz.de/10009024848
We investigate empirically the effect of government purchases on unemployment in 20 OECD countries, for the period 1960 …-2007. Compared to earlier studies we use a data set with more variation in unemployment, and which allows for controlling for a host … unemployment; an increase equal to one percent of GDP reduces un-employment by 0.2 percentage point in the same year. The effect is …
Persistent link: https://www.econbiz.de/10009147743