Showing 1 - 10 of 7,091
This paper examines the inflation targeting experience in three transition countries: the Czech Republic, Poland and …
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
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
While output declined in virtually all transition economies in the initial years, the speed and extent of the recovery that followed has varied widely across these countries. The contrast between the more and less successful transitions, the latter largely in the former Soviet Union, raises many...
Persistent link: https://www.econbiz.de/10012471103
gradualist approach over the past four decades. Beyond China's structural transformation, we explore various aspects such as high …
Persistent link: https://www.econbiz.de/10014322782
This paper provides a detailed discussion of the real phenomena that materialized in the stabilization period which followed the German hyper-inflation. Significant real dislocations arose after the monetary reform; and these can be attributed to a government policy which subsidized heavy...
Persistent link: https://www.econbiz.de/10012478387
Growth theory can go a long way toward accounting for phenomena linked with U.S. economic development. Some examples …Growth theory models are presented to address all of these facts. The analysis emphasizes the role of technological … progress as a catalyst for economic transformation …
Persistent link: https://www.econbiz.de/10012467925
We study the general equilibrium effects of social insurance on the transition in a model in which the process of moving workers from matches in the state sector to new matches in the private sector takes time and involves uncertainty. We find that adding social insurance may slow transition....
Persistent link: https://www.econbiz.de/10012474540
This paper explains why a laissez-faire approach may fail to account for externalities in transforming economies, focusing on externalities associated with supply bottlenecks and adjustment costs. Bottlenecks tend to arise whenever input requirements are stochastic and the opportunity cost of...
Persistent link: https://www.econbiz.de/10012474590
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 … collapse of the CMEA represents a significant shock, amounting to a loss of real income of 3 1/2 percent of GDP in Poland and 7 …
Persistent link: https://www.econbiz.de/10012474915