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Labor Market Institutions and Unemployment Dynamics in Transition Economies

Garibaldi, Pietro - 1997

This paper studies interactions between labor market institutions and unemployment dynamics in transition economies. It presents a dynamic matching model in which state sector firms endogenously shed labor and private job creation takes time. Two main conclusions arises. First, higher...

Persistent link: https://www.econbiz.de/10014400421

Skill Acquisition and Firm Creation in Transition Economies

Li, Wenli - 1999

The transition from plan to market has hinged on the development of a dynamic private sector that would serve as the engine of growth and employment creation. This paper examines the link between the availability of skilled workers and the creation of new private firms. Using a dynamic search...

Persistent link: https://www.econbiz.de/10014400529

Explaining the Behavior of Financial Intermediation : Evidence From Transition Economies

Rother, Philipp C. - 1999

This paper investigates the effects of macroeconomic and structural variables on financial intermediation. To this end, it presents a theoretical foundation for two new measures of intermediation, the money multiplier and the ratio of private sector credit to monetary base. Results from panel...

Persistent link: https://www.econbiz.de/10014401208

Equilibrium Exchange Rates in Transition Economies

Halpern, Lionel - 1996

A stylized fact of the transition process is an early profound exchange rate depreciation followed by continuing real appreciation. Absent historical reference points, it is difficult to judge whether the real appreciation is threatening competitiveness. This paper interprets the stylized facts...

Persistent link: https://www.econbiz.de/10014398011

Monetary Instruments and their Use During the Transition From a Centrally Planned to a Market Economy

Hilbers, Paul Louis Ceriel - 1993

This paper discusses different instruments of monetary policy, and in particular the choice between direct and indirect instruments. It identifies the main characteristics of a country’s financial system that should be considered in selecting monetary instruments, and analyzes how these...

Persistent link: https://www.econbiz.de/10014398102

Inflation in Transition Economies : How Much? and Why?

Ghosh, Atish R. - 1997

Following very high inflation rates at the beginning of the reform process, most transition countries have succeeded in lowering their inflation to more moderate rates. Inflation rates in the Baltics, Russia, and other countries of the former Soviet Union are now typically in the range of...

Persistent link: https://www.econbiz.de/10014403301

Secular drivers of the natural rate of interest in the United States : a quantitative evaluation

Platzer, Josef; Peruffo, Marcel - 2022

productivity growth, a rise in income inequality, and public policy. The model can account for a 2.2 percentage point (pp) decline … in r* between 1975 and 2015, which is within the range of empirical estimates. Rising income inequality is an important … most of the decline. Growing public debt is the major counteracting force (+0.31 pp). Permanent income inequality is of …

Persistent link: https://www.econbiz.de/10013170272

Fair and inclusive markets : why dynamism matters

Aghion, Philippe; Chérif, Réda; Hasanov, Fuad - 2021

We show empirical evidence that there may not be a tradeoff between market income inequality and high sustained growth … inequality are characterized by dynamism-a drive toward sophisticated export industries, innovation, and creative destruction and …

Persistent link: https://www.econbiz.de/10012517949

Inequality and locational determinants of the distribution of living standards in India

Balasubramanian, Sriram; Dhir, Rishabh Kumar; Loungani, … - 2021

be explained by location alone. Consumption levels and locational inequality are positively related. In effect, from an …

Persistent link: https://www.econbiz.de/10012518698

Links between growth, inequality, and poverty : a survey

Cerra, Valerie; Lama C., Ruy; Loayza, Norman - 2021

Is there a tradeoff between raising growth and reducing inequality and poverty? This paper reviews the theoretical and … empirical literature on the complex links between growth, inequality, and poverty, with causation going in both directions. The … evidence suggests that growth can be effective in reducing poverty, but its impact on inequality is ambiguous and depends on …

Persistent link: https://www.econbiz.de/10012518886