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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/10012474756
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/10012474915
privatization, with emphasis on Poland, Hungary, and Czechoslovakia. Progress in privatizing small firms has been rapid in several … East European countries, but privatization of large firms has been slow, with most success to date in Hungary …
Persistent link: https://www.econbiz.de/10012475303
membership (Czech Republic, Hungary, Poland, and Slovakia). A Multi-Annual Fiscal Adjustment Strategy (MAFAS) and a Pre …
Persistent link: https://www.econbiz.de/10012472253
We estimate the impact of the COVID-19 crisis on business failures among small and medium size enterprises (SMEs) in seventeen countries using a large representative firm-level database. We use a simple model of firm cost-minimization and measure each firm's liquidity shortfall during and after...
Persistent link: https://www.econbiz.de/10012481180
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 …
Persistent link: https://www.econbiz.de/10012469031
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/10012474189
Based on matching household surveys for three central European countries, Bulgaria, Hungary and Poland, we explore the …
Persistent link: https://www.econbiz.de/10012472348
This paper assesses the prospects of a 2021 time bomb in SME failures triggered by the generous support policies enacted during the 2020 COVID-19 crisis. Policies implemented in 2020, on their own, do not create a 2021 "time-bomb" for SMEs. Rather, business failures and policy costs remain...
Persistent link: https://www.econbiz.de/10012482634
We revisit Western Europe's record with labor-productivity convergence, and tentatively extrapolate its implications for the future path of Eastern Europe. The poorer Western European countries caught up with the richer ones through both higher rates of physical capital accumulation and greater...
Persistent link: https://www.econbiz.de/10012467642