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Business cycles, quality of economic policy and government revenues in Poland
Rutkowski, Aleksander - 2008
The volatility of general government tax revenues has increased in Poland in recent years. The correlation between GDP … growth and revenue growth appears to be lower in Poland than in many other EU Member States, which suggests that the … economic policy in Poland has been less predictable, consistent and transparent than in other new Member States, and that this …
Persistent link: https://www.econbiz.de/10009641087
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Ceilings and anchors: fiscal rules for Poland
Rutkowski, Aleksander - 2007
National fiscal frameworks can complement the EU budgetary surveillance procedure. Poland has traditionally had a debt … beneficial for Poland. Such a rule was proposed in recent years in Poland but not adopted: the so called “Belka rule” set a …
Persistent link: https://www.econbiz.de/10009641139
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US, Japan and the euro area
McAdam, Peter - 2003
There has been much discussion of the differences in macroeconomic performance and prospects between the US, Japan and the euro area. Using Markov-switching techniques, in this paper we identify and compare specifically their major business-cycle features and examine the case for a common...
Persistent link: https://www.econbiz.de/10009635889
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On the indeterminacy of determinacy and indeterminacy
Beyer, Andreas; Farmer, Roger E. A. - 2003
A number of authors have attemted to test whether the U.S. economy is in a determinate or an indeterminate equilibrium. We argue that to answer this question, one must be impose a priori restrictions on lag length that cannot be tested. We provide examples of two economic models. Model 1...
Persistent link: https://www.econbiz.de/10009635896
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Forecasting real GDP
Brand, Claus; Reimers, Hans-Eggert; Seitz, Franz - 2003
This paper analyses the information content of M1 for euro area real GDP since the beginning of the 1980s and reviews theoretical arguments on why real narrow money should help predict real GDP. We find that, unlike in the U.S., in the euro area, M1 has better and more robust forecasting...
Persistent link: https://www.econbiz.de/10009635922
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Equilibrium unemployment, job flows and inflation dynamics
Trigari, Antonella - 2004
In order to explain the joint fluctuations of output, inflation and the labor market, this paper first develops a general equilibrium model that integrates a theory of equilibrium unemployment into a monetary model with nominal price rigidities. Then, it estimates a set of structural parameters...
Persistent link: https://www.econbiz.de/10009636527
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The Great Depression and the Friedman-Schwartz hypothesis
Christiano, Lawrence; Motto, Roberto; Rostagno, Massimo - 2004
We evaluate the Friedman-Schwartz hypothesis that a more accommodative monetary policy could have greatly reduced the severity of the Great Depression. To do this, we first estimate a dynamic, general equilibrium model using data from the 1920s and 1930s. Although the model includes eight...
Persistent link: https://www.econbiz.de/10009636549
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Study on measuring consumer detriment in the European Union : Final report ; Part 1 – Main report
Alleweldt, Frank (contributor); Kara, Senda (contributor);  … - Civic Consulting - 2017
loans, credit and credit cards) and four countries (France, Italy, Poland and the UK). Results were extrapolated to the EU28 …
Persistent link: https://www.econbiz.de/10011998851
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Statistics Multi-Beneficiary Programmes : Programmes covered: ZZ-9911, ZZ-0027, ZZ-0109, 2002/000-602, 2003/005-623 ; Phare Ex Post Evaluation. Phase 1, Multi-Beneficiary Programme...
MWH Consortium - 2006
. Following a sample approach this evaluation has its geographical focus on four new member states (Estonia, Poland, Hungary and …
Persistent link: https://www.econbiz.de/10012036378
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Consumer inflation expectations in Poland
£yziak, Tomasz - 2003
Inflation expectations constitute a subject of particular contemporary interest to central banks, especially those pursuing a monetary policy based on a strategy of direct inflation targeting. Macroeconomic theory indicates that the transmission of monetary policy impulses and their impact on...
Persistent link: https://www.econbiz.de/10009635882