Showing 1 - 10 of 13
This paper reviews lessons in fiscal consolidation for the former Soviet Union that emerge from the experience of Central and Eastern European economies in transition. A central lesson is the need to support the macroeconomic stabilization with a front-loaded fiscal adjustment. Consistent with...
Persistent link: https://www.econbiz.de/10014398435
The paper identifies a number of stylized facts on the behavior of key macroeconomic variables during high inflation and stabilization in countries in transition. To examine the extent to which these stylized facts conform to the predictions of standard open economy monetary theory, the paper...
Persistent link: https://www.econbiz.de/10014400305
Persistent link: https://www.econbiz.de/10000910925
China and Australia have increasingly strong links, especially through trade. These are driven by demand from China for … Australian commodities (coal and iron ore) and services (tourism and education). These links are influenced by China's transition …, three risks (both upside and downside) to China during this transition process are considered, focusing on their spillovers …
Persistent link: https://www.econbiz.de/10011866353
Persistent link: https://www.econbiz.de/10001604617
Persistent link: https://www.econbiz.de/10002126706
This paper examines the progress made in four Asian transition economies—China, Lao P.D.R., Vietnam, and Mongolia …
Persistent link: https://www.econbiz.de/10014401125
China is poised on the brink of a transition to a service-based economy. The Japanese experience of the 1980s provides … for China. However, with the benefit of analyzing the Japanese experience and, given the important differences between the … two economies, China should be able to successfully rebalance its growth pattern while avoiding the downsides encountered …
Persistent link: https://www.econbiz.de/10014402646
This paper examines the role of Japan against that of China in the exchange rate regime in East Asia in light of … growing interest in forming a currency union in the region. The analysis suggests that currency unions with China tend to … if China''s relative presence continues to rise in the regional trade …
Persistent link: https://www.econbiz.de/10014404286