This paper evaluates the usefulness of a McCallum-type monetary policy rule based on money supply for maintaining price stability in mainland China. We examine whether excess money relative to rule-based values provides information that improves the forecasting of price developments. The results...

This paper evaluates the usefulness of a McCallum monetary policy rule based on money supply for maintaining price stability in mainland China. We examine whether excess money relative to rulebased values provides information that improves the forecasting of price developments. The results...

We construct a small-scale dynamic stochastic general equilibrium (DSGE) model that features price rigidities, habit formation in consumption and costs in capital adjustment, and calibrate the model with data for the Chinese economy. Our interest centers on the impact of technology and monetary...

This paper focuses on monetary policy in China. A set of different specifications for the monetary policy reaction function are empirically evaluated using monthly data for 1999––2012. Variation is allowed both in the policy targets as well as in the monetary policy instrument itself....

As the EU expands, the focus is on the Western Balkans region1, which is rich with opportunity and potential. It is experiencing significant improvements in terms of reforms, economic growth and foreign direct investment (FDI). Developing economies such as those in the Western Balkans are...

This article starts with the increasing differences between Central and Oriental economies since the beginning of the transition process. The countries that are most favorable to Foreign Direct Investment (Hungary, the Czech Republic and to a lesser extent Poland) enjoy better results than the...

This book gives the results from the international research project "State Enterprise Restructuring in Bulgaria, Romania and Albania" financed by ACE Programme of European Union. The research covers firms from three countries from South Eastern Europe for which enough information is still...