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DSGE-Modelle; Geldpolitik; Fiskalpolitik; Markov-Regimewechsel; Inflationssteuerung; Wechselkurspolitik; Ölpreisschock …-Regimewechsel-Modells analysiert, inwiefern sich die Geldpolitik in der Tschechischen Republik, Polen und Ungarn im Zuge des Strategiewechsels zu einer …
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In the presence of rigid prices, movements in the exchange rate help to absorb external shocks and to reduce changes in net exports. However, they also affect firms’ competitiveness, marginal costs, and labor demand. In countries where labor market institutions hinder wage adjustment (for...
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