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In most macroeconomic models, the substitutability between domestic and foreign goods is calibrated using aggregated data. This imposes homogeneous elasticities across goods, and the calibration is only valid under this assumption. If elasticities are heterogeneous, the aggregate...
Persistent link: https://www.econbiz.de/10014402215
Persistent link: https://www.econbiz.de/10004069189
There is a widespread view that the adjustment of U.S. trade prices--and hence merchandise trade flows--in the face of the substantial dollar depreciation since early 1985 has been slower than might have been expected. This paper examines the recent behavior of U.S. trade prices, and concludes...
Persistent link: https://www.econbiz.de/10014396298
catching-up has been so much slower in Poland than in its regional peers, and whether this might hamper Poland's long … Poland. Section II.E concludes the chapter. …
Persistent link: https://www.econbiz.de/10012560019
In March 1999, Poland implemented a systemic pension reform that involved the introduction of a multi-pillar pension … note on the pension sector was elaborated as part of the Poland Financial Sector Assessment Program, or FSAP update that …
Persistent link: https://www.econbiz.de/10012560020
This paper reviews economic developments in Poland during 1995–96. The focus is on macroeconomic developments in the … the Polish tax system, the exchange and trade system, and poverty. It highlights that in 1996, Poland experienced its …
Persistent link: https://www.econbiz.de/10014397163
This Selected Issues paper and Statistical Appendix analyzes fiscal costs associated with Poland’s accession to the … North Atlantic Treaty Organization and European Union (EU). The paper highlights that Poland’s accession to the EU could … and restructuring in Poland …
Persistent link: https://www.econbiz.de/10014397310
This Background Paper examines sources of net international reserve inflows for Poland. It shows that once estimate of … through which estimates of unrecorded trade can be obtained. It offers a complementary view of Poland’s inflation problem from …
Persistent link: https://www.econbiz.de/10014397358
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country
Persistent link: https://www.econbiz.de/10014397944
This Selected Issues paper on Poland analyzes tax reform in the country. It highlights that in common with many … countries, Poland’s personal income tax is based on a definition of global personal income, though some income sources (such as … taxed under separate laws. The paper presents a medium-term perspective for capital flows to Poland. It highlights that …
Persistent link: https://www.econbiz.de/10014398421