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Public and private inputs in aggregate production and growth

Afonso, António; Aubyn, Miguel St. - 2010

In a cross section of OECD countries we replace the macroeconomic production function by a production possibility frontier, TFP being the composite effect of efficiency scores and possibility frontier changes. We consider, for the periods 1970, 1980, 1990, 2000, one output: GDP per worker; three...

Persistent link: https://www.econbiz.de/10009640405

Aspects of Fiscal Performance in some Transition Economies under Fund-supported Programs

Buiter, Willem H. - C.E.P.R. Discussion Papers - 1996

This paper contains a selective review of some of the key fiscal issues faced by transition economies. The twelve … quality of the debate about the design and conduct of fiscal policy in transition economies generally. The outline of the … seigniorage. Section IV discusses eight specific budgetary issues I consider to be of special relevance to transition economies …

Persistent link: https://www.econbiz.de/10005123808

Pitfalls in the European enlargement process : financial instability and real divergence

Wagner, Helmut - 2002

Many of the EU accession countries have announced that they will not only try to enter the EU as quickly as possible but also to adopt the euro at an early date. This is justified by the effort to avoid the danger of financial instability in the period prior to euro-introduction. However, by...

Persistent link: https://www.econbiz.de/10011431321

An examination of Fisher effect for selected new EU member states

Ucak, Harun; Öztürk, İlhan; Aslan, Alper - In: International journal of economics and financial issues … 4 (2014) 4, pp. 956-959

Persistent link: https://www.econbiz.de/10010528490

Trend inflation and monetary policy in Eastern Europe

Junicke, Monika - In: Macroeconomic dynamics 23 (2019) 4, pp. 1649-1663

Persistent link: https://www.econbiz.de/10012127194

A roadmap to a successful exchange rate regime transition : takeaways from 6 African transitions

Bouhali, Hamza; Dahbani, Ahmed; Dinar, Brahim - In: Organizations and markets in emerging economies 14 (2023) 3/29, pp. 600-620

This article investigates the role of monetary policies in the success of exchange rate regime transition and the … and data from 6 African countries over two decades. Our main findings are that a gradual and well-prepared transition … crisis. The results of this study will provide policymakers with a road map to succeed in the exchange rate regime transition …

Persistent link: https://www.econbiz.de/10014534992

Detecting Structural Breaks in Exchange Rates in Transition Economies

Kocenda, Evzen - C.E.P.R. Discussion Papers - 2000

The aim of this paper is to provide evidence of structural breaks in the exchange rates of European transition …

Persistent link: https://www.econbiz.de/10005124398

Beyond The Design Of Monetary Policy Alone: Fiscal Commitment, Macro Coordination, And Structural Adjustment

Begg, David - C.E.P.R. Discussion Papers - 2000

conditionality that might be welfare-improving for transition economies hoping to accede to EMU. The analysis also highlights the …

Persistent link: https://www.econbiz.de/10005791822

Doves for the rich, hawks for the poor? : distributional consequences of systematic monetary policy

Gornemann, Nils; Küster, Keith; Nakajima, Makoto - 2021

We build a New Keynesian business-cycle model with rich household heterogeneity. In the model, systematic monetary stabilization policy affects the distribution of income, income risks, and the demand for funds and supply of assets: the demand, because matching frictions render idiosyncratic...

Persistent link: https://www.econbiz.de/10012511775

Distributional effects of monetary policy

Bonifacio, Valentina; Brandao Marques, Luis; Budina, Nina; … - 2021

As central banks across the globe have responded to the COVID-19 shock by rounds of extensive monetary loosening, concerns about their inequality impact have grown. But rising inequality has multiple causes and its relationship with monetary policy is complex. This paper highlights the channels...

Persistent link: https://www.econbiz.de/10012605530