Showing 1 - 10 of 77
This paper studies economic and financial spillovers from the euro area to Poland in a two-country semi …. Simulation results suggest a prominent role of foreign demand shocks (euro area and global) in driving Poland’s output, inflation …
Persistent link: https://www.econbiz.de/10014411693
This paper discusses interlinkages between Poland and the euro zone using a simple and agnostic econometric approach … assumptions that allow us to identify how external factors affect the evolution of business cycles in Poland in the period 1999 …-2012. Our results suggest that developments in the euro zone can explain about 50 percent of poland’s output and interest rate …
Persistent link: https://www.econbiz.de/10012667431
This paper challenges the conventional wisdom that inequality in Poland increased markedly during the economic …
Persistent link: https://www.econbiz.de/10014399835
Estimation and simulation of sustainable real exchange rates in some of the new EU accession countries point to potential difficulties in sustaining the ERM2 regime if entered too soon and with weak policies. According to the estimates, the Czech, Hungarian, and Polish currencies were overvalued...
Persistent link: https://www.econbiz.de/10014400630
This paper documents that inequality in labor earnings increased substantially during the economic transition in Poland … that even state-owned enterprises in Poland moved toward competitive wage setting during the transition. Education premia …-group inequality in Poland were very different across skill groups, with much larger increases for highly educated workers …
Persistent link: https://www.econbiz.de/10014403669
economy. The paper concentrates on obtaining a robust estimate of the labor input by deriving Poland''s natural rate of … results show that, prior to the recent global financial crisis, Poland''s output and employment were both growing above … methodology, in the aftermath of the global crisis, Poland is not expected to experience a sizable and persistent negative output …
Persistent link: https://www.econbiz.de/10014404320
This paper provides a definition of global liquidity consistent with its meaning as the “ease of financing” in international financial markets. Using a longer time series and broader sample of countries than in previous studies, it identifies global factors driving cross-border bank flows,...
Persistent link: https://www.econbiz.de/10014411210
We analyze holdings of public bonds by over 20,000 banks in 191 countries, and the role of these bonds in 20 sovereign defaults over 1998-2012. Banks hold many public bonds (on average 9% of their assets), particularly in less financially-developed countries. During sovereign defaults, banks...
Persistent link: https://www.econbiz.de/10014411356
This paper studies the relationship between trade policy and food prices. We show that, when individuals are loss averse, governments may use trade policy to shield the domestic economy from large food price shocks. This creates a complementarity between the price of food in international...
Persistent link: https://www.econbiz.de/10014411694
This paper examines the impact of thin capitalization rules that limit the tax deductibility of interest on the capital structure of the foreign affiliates of US multinationals. We construct a new data set on thin capitalization rules in 54 countries for the period 1982-2004. Using confidential...
Persistent link: https://www.econbiz.de/10014394323