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We examine industrial output in Bulgaria, Hungary, Poland, and Romania during 1989–95 in terms of pretransitional …
Persistent link: https://www.econbiz.de/10014403410
Data show that middle-income households have continued moving down, and less so up, the income distribution in the United States since the 1970s-a phenomenon that is often referred to as the polarization or 'hollowing out' of the income distribution. While the level of income polarization is...
Persistent link: https://www.econbiz.de/10011763599
The paper uses a combination of micro-level datasets to document the rise of income polarization-what some have referred to as the 'hollowing out' of the income distribution-in the United States, since the 1970s. While in the initial decades more middle-income households moved up, rather than...
Persistent link: https://www.econbiz.de/10011711567
Persistent link: https://www.econbiz.de/10009424697
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Persistent link: https://www.econbiz.de/10011282730
Since the start of the 2008 - 09 financial crisis, the Polish Overnight Index Average (POLONIA) has persistently been below the policy rate, suggesting a limited influence of the NBP's open market operations on the short-term interbank rate. In this regard, this paper analyzes the behavior of...
Persistent link: https://www.econbiz.de/10009621633
onset of the 2008 global financial crisis - the Czech Republic, Poland, and Romania. It finds that the evaluation …
Persistent link: https://www.econbiz.de/10009615786
This paper constructs a financial conditions index for Poland to explore the link between financial conditions and real … that the FCI is highly correlated with GDP growth, attesting to the importance of financial sector in Poland’s economy. In …
Persistent link: https://www.econbiz.de/10012667418
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