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for admission to the European Union (EU), Poland and Hungary. Using a rational expectations, dynamic open economy … shocks are dominant in 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 …
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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 …
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