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To mark the 30th anniversary of the fall of the Berlin Wall, this paper aims to assess developments in Central, East and Southeast Europe (CESEE) over the past three decades, and to look forward to what the next 30 years might bring. First, we measure the convergence of per capita income, wages...
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The cross-country regression relating the relative price level to the relative GDP level is significant and stable. But there is no shorter-term trade-off between fast real convergence and low inflation. Such a tradeoff characterises the dynamic process moving the economy along the regression...
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There are good reasons to assume that in the longer term Poland's economic growth will be unimpressive at best. This … pessimistic judgement, however, does not reflect a sceptical evaluation of Poland's potential, but rather an evaluation of the … reversed. Alles ist moeglich. Until then, however, growth in Poland - and in the EU – can be expected at best to be …
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