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Catching up : the role of demand, supply and regulated price effects on the real exchange rates of four accession countries
MacDonald, Ronald; Wójcik, Cezary - 2003
The main aim of this paper is to examine the exchange rate behavior of a group of four transitional, EU accession …
Persistent link: https://www.econbiz.de/10001753578
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Catching-up, inflation differentials and credit booms in a heterogeneous monetary union : some implications for EMU and new EU member states
MacDonald, Ronald; Wójcik, Cezary - 2006
In this paper we propose an alternative explanation for the nature, sources and consequences of inflation rate differentials in a monetary union, such as EMU. To achieve this, we build on the new neoclassical synthesis (NNS) framework, recently advanced by Goodfriend (2002) and Goodfriend and...
Persistent link: https://www.econbiz.de/10003366053