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Macroeconomic Policy and Institutions During the Transition to European Union Membership

Branson, William H.; Braga de Macedo, Jorge; von Hagen, … - 2021

membership (Czech Republic, Hungary, Poland, and Slovakia). A Multi-Annual Fiscal Adjustment Strategy (MAFAS) and a Pre …

Persistent link: https://www.econbiz.de/10013225816

Macroeconomic Adjustment and Foreign Trade of Centrally Planned Economies

Burkett, John; Portes, Richard; Winter, David - 2022

, the GDR, Hungary, and Poland. Maximum likelihood estimation in a nested hypothesis testing framework allows selection of …

Persistent link: https://www.econbiz.de/10013309593

Simulating Russia's and Other Large Economies’ Challenging and Interconnected Transitions

Benzell, Seth - 2015

This paper develops a large-scale, dynamic life-cycle model to simulate Russia's demographic and fiscal transition under favorable and unfavorable fossil-fuel price regimes. The model includes Russia, the U.S., China, India, the EU, and Japan+ (Japan plus Korea). The model predicts dramatic...

Persistent link: https://www.econbiz.de/10013021019

Learning Capitalism the Hard Way--Evidence from German Reunification

Triebs, Thomas - 2013

We develop a model of firm learning in volatile markets with noisy signals and test its predictions using historical data from the Ifo Institute's Business Climate Survey. We find that firms' forecasts improve as they age. We also exploit German Reunification as a natural experiment where firms...

Persistent link: https://www.econbiz.de/10013079209

FDI in the Restructuring of the Japanese Economy

Blomstrom, Magnus; Konan, Denise Eby; Lipsey, Robert E. - 2022

This paper examines how inward and outward foreign direct investment (FDI) have influenced the restructuring of the Japanese economy and can be expected to continue to do so in the future. We find that outward investment has helped Japanese firms to sustain foreign market shares and contributed...

Persistent link: https://www.econbiz.de/10013309209

What Directions for Labor Market Institutions in Eastern and Central Europe?

Freeman, Richard B. - 2021

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 …

Persistent link: https://www.econbiz.de/10013220944

Inflation Targeting in Transition Countries : Experience and Prospects

Jonas, Jiri; Mishkin, Frederic S. - 2021

Hungary. While the examined countries have missed inflation targets often by a large margin, they nevertheless progressed well …

Persistent link: https://www.econbiz.de/10013225557

On the Speed of Transition Central Europe

Aghion, Philippe; Blanchard, Olivier J. - 2003

Transition in Central Europe is four years old. State firms which dominated the economy are struggling with market forces. A new private sector quickly emerged and has taken hold. Unemployment, which did not exist, is high and still increasing. Will this process of transition accelerate, or slow...

Persistent link: https://www.econbiz.de/10014089271

Foreign Trade in Eastern Europe'S Transition : Early Results

Rodrik, Dani - 2021

By the end of 1991, Czechoslovakia, Hungary and Poland have achieved a substantial degree of openness to foreign trade … impressive in all three countries, and import booms are under way in at least Hungary and Poland as well. However, there is no …-8 percent of GDP in Hungary and Czechoslovakia. Export performance is attributable to exchange-rate policy in part, but the …

Persistent link: https://www.econbiz.de/10013248111

The Finnish Great Depression : From Russia with Love

Gorodnichenko, Yuriy - 2015

During the period 1991-93, Finland experienced the deepest economic downturn in an industrialized country since the 1930s. We argue that the culprit behind this Great Depression was the collapse of Finnish trade with the Soviet Union, because it induced a costly restructuring of the...

Persistent link: https://www.econbiz.de/10012749804

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