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The Nature of the ADAS Model Based on the ISLM Model

Rao, B Bhaskara - EconWPA - 2005

The aggregate demand and supply model (ADAS) is interpreted as a synthesis of the Keynesian and neoclassical models. It uses the ISLM model, without explaining its nature, to derive aggregate demand (AD). It is combined with an aggregate supply (AS) curve to explain price- inflation and output...

Persistent link: https://www.econbiz.de/10005124997

Making The Pact More Flexible: Can It Lead to Less Flexible Fiscal Policies?

Mackiewicz, Michal - EconWPA - 2005

One of the most often discussed features of the Stability and Growth Pact is the rigidity of its 3% deficit rule. In the recent time several reform proposals aim at alleviating the rule in order to allow more room for the automatic stabilizers to operate. As the 3% limit became in the recent...

Persistent link: https://www.econbiz.de/10005126267

Inflation, Output Growth, and Stabilization in Turkey, 1980-2002

Dibooglu, Sel; Kibritcioglu, Aykut - EconWPA - 2003

Using a dynamic aggregate supply and aggregate demand model with imperfect capital mobility and structural VARs, we decompose inflation and output movements into those attributable to terms of trade, supply, balance-of-payments, fiscal, and monetary shocks. Empirical results show that terms of...

Persistent link: https://www.econbiz.de/10005126299

Is Europe Doomed to Stagnation? An Analysis of the Current Crisis and Recommendations for Reforming Macroeconomic Policymaking in Euroland

Bibow, Joerg - EconWPA - 2003

This paper challenges the view that external shocks caused Euroland's 2001 slowdown and subsequent stagnation. Instead, the design of Euroland's macro policymaking arrangements is found lacking in looking after sufficient domestic demand growth. In the event the ECB has failed on its...

Persistent link: https://www.econbiz.de/10005408121

Exchange Rate Regimes and Poland's Participation in ERM II

Borowski, Jakub; Brzezina, Michal Brzoza-; Szpunar, Piotr - EconWPA - 2003

In this paper we address some of the issues resulting from Poland's will to join the Economic and Monetary Union. Our …-Samuelson effect for Poland are provided. …

Persistent link: https://www.econbiz.de/10005076841

Trends in East European Factor Productivity

Kyn, Oldrich; Kyn, Ludmila - EconWPA - 2005

the rate of technical change for Poland, Czechoslovakia, Hungary, Bulgaria and Rumania. Although the pooling eliminated … Czechoslovakia, Bulgaria and Rumania and somewhat lower, but still respectable (3 - 5 per cent) in the case of Poland and Hungary. It … of total factor productivity over time we found that Czechoslovakia, Poland and Bulgaria experienced a quite considerably …

Persistent link: https://www.econbiz.de/10005125000

Some benefits of reducing inflation in transition economies

Blaszkiewicz, Monika; Konieczny, Jerzy; Myslinskaa, Anna; … - EconWPA - 2003

We analyse welfare effects of the interactions between the tax system and inflation in Poland and in Ukraine, using the …

Persistent link: https://www.econbiz.de/10005125002

Financial contagion, interest rates and the role of the exchange rate as shock absorber in Central and Eastern Europe

Habib, Maurizio Michael - EconWPA - 2002

Republic, Hungary and Poland during the period August 1997 – May 2001. I find that neither exchange rates nor interest rates …

Persistent link: https://www.econbiz.de/10005125528

Transferring Rhineland Capitalism to the Polish-German Border: Perceptions of Bank Governance and Practice in Zgorzelec-Görlitz

Batiz-Lazo, Bernardo; Locke, Robert; Müller, Kristine - EconWPA - 2005

This article looks at the past development and potential of the Rhenish capitalist model. We discuss the origins and nature of the model and the model in crisis. Because, we contend, Rhineland capitalism’s future will be decided in East-Central Europe, we focus – using a survey questionnaire...

Persistent link: https://www.econbiz.de/10005125829

Monitoring Banking Sector Fragility

Kibritcioglu, Aykut - EconWPA - 2002

In the financial crisis literature, it is usually argued that, contrary to the case of currency crises, building a time series index to identify banking crisis episodes is highly difficult, particularly because of the lack of reliable data on banking sector variables (non-performing loans,...

Persistent link: https://www.econbiz.de/10005126447