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The aim of this study is to estimate the credibility of monetary policy in four accession countries (the Czech Republic, Hungary, Poland, and the Slovak Republic), based on the Markov regime-switching (MRS) framework. We utilize the theoretical proposition that in the conduct of monetary policy,...
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An addition to the 'International Papers in Political Economy Series', this edited work offers new developments in economic policy and theory. The experiences of privatisation and private finance initiatives are looked at in detail
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real economy in terms of output growth and employment. Yet despite the fact that the pact underpins the adoption of the …
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