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This paper discusses the unique aspects of Singapore’s financial, exchange rate, and wage policies during the period 1979-86, and attempts to quantify the impact of alternative policies on major macroeconomic variables. For this purpose, a simple short-term model is formulated and estimated,...
Persistent link: https://www.econbiz.de/10014395760
The paper provides an overview of the main elements of pay systems that are typically used to remunerate government employees and, with reference to the experience of developed and developing countries, discusses structural issues frequently arising in the formulation of government pay policies:...
Persistent link: https://www.econbiz.de/10014395779
This paper examines the potential contribution of unemployment hysteresis theories to the understanding of the Belgian labor market. It estimates models of wage determination using aggregate and firm-level panel data. Two main conclusions emerge: (i) the long-term unemployed do not exert a...
Persistent link: https://www.econbiz.de/10014398156
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 2009 Article IV Consultation highlights that Poland’s rapid growth had begun to lose steam even before the global …
Persistent link: https://www.econbiz.de/10014406402
This Selected Issues paper analyzes the use of fiscal rules in Poland and also suggests improvements. The study reviews …
Persistent link: https://www.econbiz.de/10014402898
Poland’s macroeconomic performance was strong in the decade leading up to the global crisis. Poland’s commitments to … supervisory framework helped foster a well-capitalized banking system. A successor Flexible Credit Line arrangement for Poland … will play an important role in supporting the government’s economic policy strategy. Although Poland’s underlying …
Persistent link: https://www.econbiz.de/10014403719
This paper examines the relationship between macroeconomic stabilization and market-oriented reform in planned economies. It emphasizes that market-oriented reform should enhance the likelihood that adjustment to exogenous disturbances will involve genuine adjustment in the sense of actually...
Persistent link: https://www.econbiz.de/10014396471
This paper reviews Poland’s economic performance under the Flexible Credit Line Arrangement. Economic growth in Poland …
Persistent link: https://www.econbiz.de/10014397019