Showing 1 - 10 of 16
This work contains three papers employing common factor methodologies to economic forecasting for Estonia. The methods …
Persistent link: https://www.econbiz.de/10009449682
planning and ask about differences in job creation across two different transition economies: Estonia, which experienced rapid …
Persistent link: https://www.econbiz.de/10009476680
the view that efficiency considerations drive ownership changes (while earlier analysis for Estonia and for many other …
Persistent link: https://www.econbiz.de/10009477234
, ethnic groups, and workers with different skill levels. As Estonia entered recession in 2008, the unemployment rate almost … will be a key adjustment mechanism during the recession as well as in the medium term if Estonia is to become a knowledge …
Persistent link: https://www.econbiz.de/10009477390
From 2000 to 2007, Estonia was one of the fastest growing emerging market economies. A housing boom, fuelled by capital … board limited the Bank of Estonia’s ability to curb credit growth, while the fiscal policy framework amplified the cycle … tightened lending standards and capital outflows. Estonia is now in a severe recession. To restore high and sustainable growth …
Persistent link: https://www.econbiz.de/10009477392
We consider a multi-sector overlapping generations model with oligopolistic firms in the output markets and wage-setting trade unions in the labour markets. A coordination problem between firms creates multiple temporary equilibria which are either Walrasian or of the Keynesian unemployment...
Persistent link: https://www.econbiz.de/10009471636
Within a macroeconomic disequilibrium model it turns out that stationary and simple adaptive policies are not capable of stabilizing efficient steady states and lead to periodic or irregular fluctuations for large sets of policy parameters. The application of recent control methods for chaotic...
Persistent link: https://www.econbiz.de/10009471677
This paper reviews Chilean stabilization policy during the 1990s andargues that, while the merits of Chilean policy should be praised, there are fourpuzzles in conventional interpretations of the Chilean experience worth studying.First, the policy of targeting indexed interest rates does not...
Persistent link: https://www.econbiz.de/10009450769
Una vez superada la etapa más aguda de la crisis del Covid-19, que ha supuesto una respuesta inmediata y contundente de la política económica, el gobernador plantea las medidas económicas prioritarias en la fase siguiente a la hibernación y la puesta en marcha, de manera urgente, de una...
Persistent link: https://www.econbiz.de/10012525086
The COVID-19 crisis has elicited an immediate and forceful economic policy response. With the height of the crisis behind us, the Governor has set out priority economic measures for the post-lockdown phase. He calls for the urgent launch of an ambitious, comprehensive, permanent and assessable...
Persistent link: https://www.econbiz.de/10012525087