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membership (Czech Republic, Hungary, Poland, and Slovakia). A Multi-Annual Fiscal Adjustment Strategy (MAFAS) and a Pre … that they established CEFTA (which Slovenia since joined) also helps set them apart from other EU associates in the region …
Persistent link: https://www.econbiz.de/10013225816
Poland so far. We then develop a model and use it to think about the determinants of the speed of transition and the level of … unemployment. Finally, we return to the role of policy and the future in Poland, as well as the causes of cross-Central European …
Persistent link: https://www.econbiz.de/10014089271
We estimate the impact of COVID-19 on business failures for small and medium sized enterprises (SMEs) using firm-level data in seventeen countries. Absent government support, the failure rate of SMEs would have increased by 9.1 percentage points, representing 4.6 percent of private sector...
Persistent link: https://www.econbiz.de/10013244116
This paper examines the inflation targeting experience in three transition countries: the Czech Republic, Poland and … Hungary. While the examined countries have missed inflation targets often by a large margin, they nevertheless progressed well … performance will improve and support for the central bank will be higher if the central banks emphasize avoiding undershoots of …
Persistent link: https://www.econbiz.de/10013225557
reinvesting their profits, even when bank loans are available. Where property rights are relatively strong, firms reinvest their …
Persistent link: https://www.econbiz.de/10013213059
Poland, Hungary. and Czechoslovakia and develop a model of changing support for reforms during the transition to a market … massive vacancies. The dispersion of wages increased substantially in Hungary and Poland though not in Czechoslovakia. My … to seek consensus on labor issues -- as they had done under reform communism. By contrast, labor market outcomes changed …
Persistent link: https://www.econbiz.de/10013220944
Persistent link: https://www.econbiz.de/10013211658
how they are resolved. Our analysis sheds new light on the conflict between micro-prudential bank regulation and …
Persistent link: https://www.econbiz.de/10013124233
the size of the economy, (2) the association between an increase in economic output and an increase in bank development …
Persistent link: https://www.econbiz.de/10013107516
We thank Lakshmi Aiyar, Shawn Cole, Stijn Claessens, Oded Galor, Adair Morse, Mark Rosenzweig, Jeremy Stein, as well as participants in seminars at the IMF, the NBER Political Economy, Corporate Finance, and Growth Workshops, M.I.T., Northwestern University, the University of Chicago, the WFA...
Persistent link: https://www.econbiz.de/10013152442