exchange rate stability have a better explanatory power than the de jure measures in the inflation and growth equations. For … well as a highly significant positive impact of exchange stability on real growth. When sub-dividing the period into a high-inflation …This paper explores the impact of the exchange rate regime on inflation and output in the Central and Eastern European …

exchange rate stability have a better explanatory power than the de jure measures in the inflation and growth equations. For … well as a highly significant positive impact of exchange stability on real growth. When sub-dividing the period into a high-inflation …This paper explores the impact of the exchange rate regime on inflation and output in the Central and Eastern European …

exchange rate stability have a better explanatory power than the de jure measures in the inflation and growth equations. For …This paper explores the impact of the exchange rate regime on inflation and output in the Central and Eastern European … the whole observation period the estimations reveal a significant impact of exchange rate stability on low inflation as …

relationships between regimes and common macroeconomic policy targets such as inflation and growth. This book takes a systematic … whether pegging the exchange rate leads to lower inflation, whether floating exchange rates are associated with faster output … growth, and whether pegged regimes are particularly prone to currency and other crises. The book draws on history and theory …

inflation observed in the European catching-up countries, which suggests that other factors may be at play. In these and related … the same increase in the dual productivity growth (that is, the difference in productivity growth between the traded and … non-traded sectors) on the dual inflation differential is more than twice as large as that in the "flexible" countries. We …

growing. The paper investigates the impact of exchange rate stability on growth for a sample of 41 mostly small open economies … important transmission channels from exchange rate stability to more growth. It is argued that fixed exchange rates provide a … accelerating growth. Panel estimations reveal a robust negative relationship between exchange rate volatility and growth for …

The paper investigates the impact of exchange rate volatility on growth in Emerging Europe and East Asia. Exchange … stability has been argued to affect growth negatively as it deprives countries from the ability to react in a flexible way to … stability can be argued to affect growth in emerging market economies positively because transaction costs for international …