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, Hungary and Poland at the end of 1998. We argue that the institutions for the conduct of monetary policy in these countries … the Czech Republic, Hungary and Poland was largely due to the decline in import prices in the second half of 1998, and …
Persistent link: https://www.econbiz.de/10005707749
"This paper develops a two-country OLG model under the assumption that investors are on a Bayesian learning path. While investors from both countries receive identical information flows, domestic investors start off with less precise prior beliefs concerning foreign fundamentals. On a learning...
Persistent link: https://www.econbiz.de/10002917587
Hungary and Poland for during the 1990:01-1998:02 period. We decompose the exchange rate movements into those attributable to … real and nominal shocks, we find that (1) nominal shocks have played a significant role in Poland, but not in Hungary, in … in Hungary and (2) nominal shocks explain almost all of nominal exchange rate movements in Poland and a sizable portion …
Persistent link: https://www.econbiz.de/10005360593
Persistent link: https://www.econbiz.de/10013501890
Presented at the 33rd Annual Economic Policy Conference "Projecting Potential Growth: Issues and Measurement," sponsored by the Federal Reserve Bank of St. Louis.
Persistent link: https://www.econbiz.de/10010727306
Persistent link: https://www.econbiz.de/10003765665
Persistent link: https://www.econbiz.de/10002115955