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Fiscal Constraints, Reform Strategies, and the Speed of Transition: The Case of Central-Eastern Europe

Coricelli, Fabrizio - C.E.P.R. Discussion Papers - 1996

framework is used to illustrate the relation between the budget deficit and the pace of restructuring, unemployment, and the …. Demands on governments to slow down restructuring mount, as well as demands for compensating transfers to groups affected by … reforms. Thus governments face an important trade-off between fiscal targets and restructuring objectives. Together with …

Persistent link: https://www.econbiz.de/10005661743

Monetary Transmission Mechanism in Central & Eastern Europe: Gliding on a Wind of Change

Coricelli, Fabrizio; Égert, Balázs; MacDonald, Ronald - 2006

This paper surveys recent advances in empirical studies of the monetary transmission mechanism (MTM), with special attention to Central and Eastern Europe. In particular, while laying out the functioning of the separate channels in the MTM, it explores possible interrelations between different...

Persistent link: https://www.econbiz.de/10009476887

Growth in Transition: What We Know, What We Don't, and What We Should

Campos, Nauro F.; Coricelli, Fabrizio - 2002

This essay surveys macroeconomic issues that marked the transition from centrally planned to market economy in Central and Eastern European and former Soviet Union countries. We first establish a set of stylized facts of the transition so far, namely: (1) output fell, (2) capital shrank, (3)...

Persistent link: https://www.econbiz.de/10009477068

Price Setting and Market Structure: An Empirical Analysis of Micro Data

Coricelli, Fabrizio; Horvath, Roman - 2008

Most empirical studies on price setting that use micro data focus on advanced industrial countries. In this paper we analyze the experience of an emerging economy, Slovakia, using a large micro-level dataset that accounts for a substantial part of the consumer price index (about 5 million...

Persistent link: https://www.econbiz.de/10009477191

Unemployment, Investment and Sectoral Reallocation

Chadha, Bankim; Coricelli, Fabrizio - C.E.P.R. Discussion Papers - 1995

This paper presents a model of development of an economy comprised of a rural-agricultural sector and an urban-industrial sector. The interaction of investment with unemployment creates a channel for potentially divergent long-run outcomes. If the urban-industrial capital stock falls short of a...

Persistent link: https://www.econbiz.de/10005504722