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English Abstract: The previous financial crisis caused the ending of an unusually long phase of recovery in the former USSR republics, thus increasing the relevance of developing effective measures, specifically, the countercyclical economic policy. Throughout 1991 to 2010, fourteen completed...
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The transformation of the world economy over the past two decades has been manifesting itself in various forms. On the … one hand, there is an increasing interdependence of the world economy, which is a manifestation of the depth of the … liberalization of the world economy. On the other hand, there is an increasing scale of contagion effects, where a crisis in one …
Persistent link: https://www.econbiz.de/10008500692
The efficiency of macroeconomic policies depends on adequate business cycle approximation. Given that potential output and the output gap (the difference between actual and potential output) are not directly observable, their values need to be estimated using alternative statistical, structural,...
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Ukrainian Abstract: A cikk a monetáris politika szabályainak Ukrajnában történő bevezetésével kapcsolatos tudományos megközelítéseket tanulmányozza. Meghatároztuk a monetáris politika kidolgozásának szakaszait. A tanulmány alátámasztja a monetáris politika alapjait Ukrajna...
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In this paper the authors try to measure production gap in the Czech Republic and, consequently, non-accelerating inflation product (NAIP) as an approximation of potential product. NAIP is treated as an unobservable variable, to which an augmented Phillips curve plays a key role in its...
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