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Persistent link: https://www.econbiz.de/10010322679
During the transition from plan to market, managers and politicians succeeded in maintaining control of large parts of the stock of socialist physical capital. Despite the obvious importance of this phenomenon, there have been no efforts to model, measure and investigate this process...
Persistent link: https://www.econbiz.de/10010267582
This paper analyses the determinants of happiness in seven Eastern European transition countries during the early phase of economic transition. The analysis of representative survey data in an ordered logit model shows that those core socio-demographic and economic variables known to be relevant...
Persistent link: https://www.econbiz.de/10010265761
The paper examines the inflation targeting regime in the context of transition economies. Recent years have witnessed an increasing number of central banks in these countries moving towards the implementation of inflation targeting regimes. However, the success of such a regime depends largely...
Persistent link: https://www.econbiz.de/10011470768
This paper surveys recent advances in the monetary transmission mechanism (MTM). In particular, while laying out the functioning of the separate channels in the MTM, special attention is paid to exploring possible interrelations between different channels through which they may amplify or...
Persistent link: https://www.econbiz.de/10010322458
Geldpolitik kurzfristig nicht bindet und/oder mit gesamtwirtschaftlichen Restriktionen nicht konsistent ist, abgesehen von einer … osteuropäischen Reformstaaten sind deshalb flexible Wechselkurse zu empfehlen. Als nominaler Anker für die Geldpolitik kommt ein … Zentralbank und freiem Währungswettbewerb sollte langfristig angestrebt werden. Solange die Geldpolitik jedoch nicht tatsächlich …
Persistent link: https://www.econbiz.de/10010317769
North Korea is perceived by many as one of the most totalitarian societies of modern time. But in the wake of the economic collapse of the 1990s, North Korean totalitarianism has grappled with new conditions. This paper examines how the country's totalitarian character has been upheld through...
Persistent link: https://www.econbiz.de/10010320278
Monetary policy in CEE is an important determinant in the wage bargaining process, because trade unions have to predict inflation as one component of future real wages. This paper scrutinizes whether countries in CEE that officially announce an inflation target are tempted to act...
Persistent link: https://www.econbiz.de/10010308235
USSR, the highest productivity was achieved after the period equal to the average service life of fixed capital stock …
Persistent link: https://www.econbiz.de/10011470758