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The Welfare Cost of the EMU for Transition Countries
Ferreira-Lopes, Alexandra - In: Prague Economic Papers 2014 (2014) 4, pp. 446-473
The Czech Republic, Hungary, and Poland are set to join the Economic and Monetary Union (EMU) in the near future. This … directly evaluate the effects of monetary policy in terms of welfare. Our findings suggest that the Czech Republic and Poland … may experience sizable welfare costs as a result of joining the EMU. Results for Hungary are less striking as welfare …
Persistent link: https://www.econbiz.de/10011195639
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The Costs of EMU for Transition Countries
Lopes, Alexandra Ferreira - Money Macro and Finance Research Group - 2007
Czech Republic, Hungary and Poland will have to join the European and Monetary Union. Surprisingly, there is very …
Persistent link: https://www.econbiz.de/10004978130
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The Costs of EMU for Transition Countries
Lopes, Alexandra - Society for Computational Economics - SCE - 2006
Czech Republic, Hungary and Poland will have to join the European and Monetary Union. Surprisingly, there is very …
Persistent link: https://www.econbiz.de/10005537413
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In or Out? The Welfare Costs of EMU Membership
Ferreira-Lopes, Alexandra - Unidade de Investigação em Desenvolvimento … - 2008
Denmark, Sweden, and the UK have repeatedly refused to join the European and Monetary Union (EMU). Surprisingly, there is very little work on the welfare consequences of the loss of monetary policy flexibility for these countries. This paper fills this void by providing a framework to evaluate...
Persistent link: https://www.econbiz.de/10010561305
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Do Central Banks Respond to Exchange Rate Movements? A Markow-Switching Structural Investigation
Alstadheim, Ragna; Bjørnland, Hilde Christiane; Maih, … - Centre for Applied Macro- and Petroleum economics … - 2013
Do central banks respond to exchange rate movements? According to Lubik and Schorfheide (2007) who estimate structural general equilibrium models with monetary policy rules, the answer is "Yes, some do". However, their analysis is based on a sample with multiple regime changes, which may bias...
Persistent link: https://www.econbiz.de/10010936722
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Do central banks respond to exchange rate movements? A Markov-switching structural investigation
Alstadheim, Ragna; Bjørnland, Hilde C.; Maih, Junior - Norges Bank - 2013
Do central banks respond to exchange rate movements? According to Lubik and Schorfheide (2007) who estimate structural general equilibrium models with monetary policy rules, the answer is "Yes, some do". However, their analysis is based on a sample with multiple regime changes, which may bias...
Persistent link: https://www.econbiz.de/10010787754
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The Euro in Central and Eastern Europe (CEE countries) : survey evidence from five countries
Stix, Helmut - In: CESifo Forum 3 (2002) 3, pp. 33-38
Persistent link: https://www.econbiz.de/10005013126
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The Macroeconomic Effects of Losing Autonomous Monetary Policy after the Euro Adoption in Poland
Makarski, Krzysztof; Gradzewicz, Michał - Narodowy Bank Polski - 2009
There are many issues associated with the Eurozone accession of Poland. The goal of this paper is to analyse one, but … investigate how joining the Eurozone will affect the business cycle behaviour of the main macroeconomic variables in Poland. We … find that the Euro adoption will have a noticeable impact on the Polish economic fluctuations. In particular, the …
Persistent link: https://www.econbiz.de/10009641436
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Financial Policies and Dynamic Game Simulation in Poland and Hungary
Yoshino, Hisao - Institute of Developing Economies, Japan External Trade … - 2009
Recently, steady economic growth rates have been kept in Poland and Hungary. Money supplies are growing rather rapidly …
Persistent link: https://www.econbiz.de/10005029399
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Measurement of Costs and Benefits of Accession to the European Union for Selected Countries in Central and Eastern Europe
Mortensen, Jorgen; Richter, Sandor - Wiener Institut für Internationale … - 2000
and benefits for the Czech Republic, Hungary, Poland and Slovenia of the envisaged accession to the European Union. The …
Persistent link: https://www.econbiz.de/10009649620