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Old-age provision in transition : the case of Croatia

Werding, Martin; Primorac, Marko - 2016

The Croatian system of old-age provision comprises a traditional public pay-as-you-go scheme and a mandatory funded scheme ("second pillar") that will provide increasing amounts of supplementary pensions to those entering retirement in the future. Due to the continuing economic crisis, the...

Persistent link: https://www.econbiz.de/10011429587

Europe after enlargement: what's next?

Hefeker, Carsten - In: Intereconomics : review of European economic policy 39 (2004) 3, pp. 114-115

Persistent link: https://www.econbiz.de/10002090294

Fiscal policy in new EU member states : go East, prudent man!

Schneider, Ondřej (contributor); Zápal, Jan (contributor) - 2005

The European Union (EU) accepted ten new member states (NMS) in 2004. These countries, mostly former socialist countries, have had to adjust their economic policies to the EU’s standards. Perhaps most difficult has proven to be fiscal policy whereby NMS must comply with the Stability and...

Persistent link: https://www.econbiz.de/10003110155

Macroeconomic policy making, exchange rate adjustment and current account imbalances in emerging markets

Duarte, Pablo; Schnabl, Gunther - 2014

Since a series of crisis events after 2007, the discussion about the adjustment channels of current account imbalances has been revived. We discuss the effectiveness of exchange rates versus macroeconomic policies to rebalance current accounts for a set of 86 mainly emerging market economies. We...

Persistent link: https://www.econbiz.de/10010431297

Stabilisation and rebalancing with fiscal or monetary devaluation : a model-based comparison

Vogel, Lukas - 2015

The paper uses a small open economy general-equilibrium model to compare fiscal and nominal exchange rate devaluation with respect to their impact on economic activity and the current account. In particular, it investigates to which extent fiscal devaluation mimics nominal exchange rate...

Persistent link: https://www.econbiz.de/10011392516

Exchange rate misalignments and crises

Stein, Jerome L.; Paladino, Giovanna - 1999

The problem is to evaluate the likelihood that a country will face a currency or balance of payments crisis over a given horizon. When is it rational for market participants to expect a depreciation of the currency? On the basis of considerable empirical studies we know that in both banking and...

Persistent link: https://www.econbiz.de/10009781700

The worst of both worlds : fiscal policy and fixed exchange rates

Born, Benjamin; D'Ascanio, Francesco; Müller, Gernot J.; … - 2019

Under fixed exchange rates, fiscal policy is an effective tool. According to classical views because it impacts the real exchange rate, according to Keynesian views because it impacts output. Both views have merit because the effects of government spending are asymmetric. A spending cut lowers...

Persistent link: https://www.econbiz.de/10012118599

Growing together : Croatia and Latvia

Thorvaldur Gylfason; Hochreiter, Eduard - 2010

We compare and contrast the economic growth performance of Croatia and Latvia since the collapse of communism in 1991 … governance, and institutional reforms have played a significant role in raising economic output and efficiency in both Croatia … and Latvia. The EU perspective made a more significant contribution to growth in Latvia than in Croatia, even if Latvia …

Persistent link: https://www.econbiz.de/10008697476

Current account deficits in the new member states : causes and consequences

Schelburne, Robert C. - In: Intereconomics : review of European economic policy 44 (2009) 2, pp. 90-95

Persistent link: https://www.econbiz.de/10003831770

Volatility of exchange rates in selected new EU members : evidence from daily data

Fidrmuc, Jarko (contributor); Horváth, Roman (contributor) - 2007

Persistent link: https://www.econbiz.de/10003599482

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