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The cross-country regression relating the relative price level to the relative GDP level is significant and stable. But there is no shorter-term trade-off between fast real convergence and low inflation. Such a tradeoff characterises the dynamic process moving the economy along the regression...
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Poland's overall competitive position in the enlarged EU has been weakening. Other new EU members, as well as the … structural change in export. Poland's share in the EU-15 market rose much more slowly than those of other NMS. Moreover, Poland …'s share of EU-15 market in high-tech products rose at even more lower pace. At the same time Poland was losing quality …
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The economic recovery in CESEE has strengthened further in recent months, resulting in a number of additional upgrades to our growth forecasts for 2021, to 5.4% on the regional average. This good performance has been built on two important foundation stones: the adaptation of the CESEE economies...
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To mark the 30th anniversary of the fall of the Berlin Wall, this paper aims to assess developments in Central, East and Southeast Europe (CESEE) over the past three decades, and to look forward to what the next 30 years might bring. First, we measure the convergence of per capita income, wages...
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