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During the period 1991-93, Finland experienced the deepest economic downturn in an industrialized country since the 1930s. We argue that the culprit behind this Great Depression was the collapse of Finnish trade with the Soviet Union, because it induced a costly restructuring of the...
Persistent link: https://www.econbiz.de/10012463774
By the end of 1991, Czechoslovakia, Hungary and Poland have achieved a substantial degree of openness to foreign trade … impressive in all three countries, and import booms are under way in at least Hungary and Poland as well. However, there is no … collapse of the CMEA represents a significant shock, amounting to a loss of real income of 3 1/2 percent of GDP in Poland and 7 …
Persistent link: https://www.econbiz.de/10012474915
This paper examines the inflation targeting experience in three transition countries: the Czech Republic, Poland and …
Persistent link: https://www.econbiz.de/10012469031
Poland so far. We then develop a model and use it to think about the determinants of the speed of transition and the level of … unemployment. Finally, we return to the role of policy and the future in Poland, as well as the causes of cross-Central European …
Persistent link: https://www.econbiz.de/10012474189
Poland, Hungary. and Czechoslovakia and develop a model of changing support for reforms during the transition to a market … massive vacancies. The dispersion of wages increased substantially in Hungary and Poland though not in Czechoslovakia. My …
Persistent link: https://www.econbiz.de/10012474756
Persistent link: https://www.econbiz.de/10000801145
Persistent link: https://www.econbiz.de/10000051627
Persistent link: https://www.econbiz.de/10000108608
"We identify a new set of stylized facts on the 2008-2009 trade collapse that we hope can be used to shed light on the importance of demand and supply-side factors in explaining the fall in trade. In particular, we decompose the fall in international trade into product entry and exit, price...
Persistent link: https://www.econbiz.de/10011395038