Showing 1 - 10 of 370
This paper examines the inflation targeting experience in three transition countries: the Czech Republic, Poland and … performance will improve and support for the central bank will be higher if the central banks emphasize avoiding undershoots of … central bank and the government in these countries has been quite difficult, but this can be alleviated by having a direct …
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/10000888282
Persistent link: https://www.econbiz.de/10000112367
Persistent link: https://www.econbiz.de/10000109378
While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successful transitions, the latter largely in the former Soviet Union, raises many...
Persistent link: https://www.econbiz.de/10012471103
This paper develops a general equilibrium two country, two commodity dynamic simulation model of international trade in commodities and financial claims. The model generalizes the Heckscher-Ohlin static theory of trade by incorporating costs of quickly adjusting levels of capital stocks in...
Persistent link: https://www.econbiz.de/10012478342
This paper provides a detailed discussion of the real phenomena that materialized in the stabilization period which followed the German hyper-inflation. Significant real dislocations arose after the monetary reform; and these can be attributed to a government policy which subsidized heavy...
Persistent link: https://www.econbiz.de/10012478387
I make three points relating to the transition from fossil fuels to non-carbon energy. One is that the economic cost of moving from fossil fuels to renewable energy in electricity generation is very low, and probably lower than many estimates of the economic benefits from this change. The second...
Persistent link: https://www.econbiz.de/10012481069