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Fasting or Feasting? Europe - Old and New - at the Crossroads
Astrov, Vasily; Gligorov, Vladimir; Hanzl-Weiss, Doris; … - Wiener Institut für Internationale … - 2012
External determinants Two key factors currently affect the economic prospects of CESEE the crisis in the euro area and movements in the commodity prices. For Russia, Kazakhstan and Ukraine declining world market prices of energy carriers, steel and other basic commodities are vital. For most of...
Persistent link: https://www.econbiz.de/10010686219
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New Divide(s) in Europe?
Astrov, Vasily; Gligorov, Vladimir; Hanzl-Weiss, Doris; … - Wiener Institut für Internationale … - 2012
The present economic crisis bears all the familiar hallmarks of the financial, debt-related and structural aspects of current account crises. All these aspects have lasting level effects and recovery can be very protracted. Export-led growth was an important feature of the recovery period...
Persistent link: https://www.econbiz.de/10010820235
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Menu costs at work : restaurant prices and the introduction of the Euro
Hobijn, Bart (contributor); Ravenna, Federico (contributor);  … - 2004 - [Elektronische Ressource]
realistic parameter values, the model generates a blip in inflation of the same magnitude observed in the data"--Federal Reserve …
Persistent link: https://www.econbiz.de/10002521760
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Fiscal Policy Under a Currency Board Arrangement: Bulgaria's Post-crisis Policy Dilemmas
Dobrinsky, Rumen - Wiener Institut für Internationale … - 2000
The paper analyses some policy issues under a currency board arrangement (CBA), focusing on the conduct of fiscal policy which is the only policy instrument at the disposal of the authorities as the CBA precludes an independent monetary policy. It is argued that the loss in degrees of freedom...
Persistent link: https://www.econbiz.de/10009649594
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Comparison of Tax Burdens
Leibrecht, Markus; Römisch, Roman - Wiener Institut für Internationale … - 2002
Within the EU, taxation and the EU's eastern enlargement are currently seen as one of the most important problems to be solved and projects to be realized. Each of these two topics covers a vast set of issues which have to be dealt with. At the same time only few attempts have been made to...
Persistent link: https://www.econbiz.de/10009649632
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Sectoral Productivity, Demand, and Terms of Trade: What Drives the Real Appreciation of the East European Currencies?
Astrov, Vasily - Wiener Institut für Internationale … - 2005
) and the changing relative price of non-tradables, relating the latter variable to cross-sectoral productivity … productivity and the share of government in GDP, but also the terms of trade are significant determinants of the real exchange rate … the trend real appreciation in the countries involved (i.e. higher domestic inflation under a fixed exchange rate …
Persistent link: https://www.econbiz.de/10009649650
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Monthly Report No. 4/2010
Busch, K.; Podkaminer, Leon; Richter, Sandor; Schadler, … - Wiener Institut für Internationale … - 2010
-13) Keywords real convergence, inflation Countries covered European Union Topics Macroeconomic Analysis and Policy; International …
Persistent link: https://www.econbiz.de/10010757572
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Will Exports Prevail over Austerity?
Astrov, Vasily; Gligorov, Vladimir; Havlik, Peter; … - Wiener Institut für Internationale … - 2010
policy rests supports deflationary/stagnation tendencies in low-inflation/low-growth countries and bolsters booms/inflation … in high-inflation/high-growth countries. Whereas Germany has fallen victim to this policy, in a number of other countries … policies. In particular, it may be useful to demand that growing labour productivity be matched by wages at the national level …
Persistent link: https://www.econbiz.de/10008455838
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Where Have All the Shooting Stars Gone?
Astrov, Vasily; Gligorov, Vladimir; Havlik, Peter; … - Wiener Institut für Internationale … - 2009
The report analyses recent economic developments and short- and medium-term prospects of the countries of Central and Eastern Europe, Southeast Europe including Turkey, as well as Kazakhstan, Russia, Ukraine and China. Separate chapters present an overview of developments in the European Union's...
Persistent link: https://www.econbiz.de/10004964275
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Crisis Is Over, but Problems Loom Ahead
Astrov, Vasily; Gligorov, Vladimir; Havlik, Peter; … - Wiener Institut für Internationale … - 2010
After a long period of convergence, Central, East and Southeast Europe experienced a deep recession in 2009. The relatively moderate GDP decline (-3.6%) on average for the new EU member states (NMS) reflects Poland's weight in the group, the only EU country to have recorded positive GDP growth...
Persistent link: https://www.econbiz.de/10008547915