Showing 1 - 10 of 68
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 challenges the conventional wisdom that inequality in Poland increased markedly during the economic …
Persistent link: https://www.econbiz.de/10014399835
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
Through the 2000s, Korea's export and import linkages to advanced and emerging markets increased significantly. At the same time, the correlation of output growth between Korea and these economies rose. This paper investigates the nature of the link between trade linkages and the comovement of...
Persistent link: https://www.econbiz.de/10012022016
We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using a panel of annual data that spans 151 countries over 1963-2014. We find that tariff increases lead, in the medium term, to economically and statistically significant declines...
Persistent link: https://www.econbiz.de/10012001500
A view receiving increased support is that the height of trade costs in prime export sectors has a strong effect on current account balances: countries specializing in sectors that face relatively high trade costs, such as services, tend to run current account deficits, and similarly, countries...
Persistent link: https://www.econbiz.de/10012001519
The yen is an important barometer for the Japanese economy. Depreciations are typically associated with favorable economic developments such as increased corporate profits, rising equity prices, and upward pressure on domestic consumer prices. On the other hand, large and sharp appreciations run...
Persistent link: https://www.econbiz.de/10012102082
This paper sheds new light on the degree of international fiscal-financial spillovers by investigating the effect of domestic fiscal policies on cross-border bank lending. By estimating the dynamic response of U.S. cross-border bank lending towards the 45 recipient countries to exogenous...
Persistent link: https://www.econbiz.de/10012102123