Dibooglu, Sel; Kutan, Ali Mustafa - 2001
admission to the European Union (EU), Poland and Hungary. Using a rational expectations, dynamic open economy aggregate supply … price level movements in Poland. Monetary shocks are an important source of output fluctuations in the short run in Hungary … suggesting nominal inertia. In Poland, real demand shocks affect output in the short run (up to one year), while monetary shocks …