We use a structural VAR model with short-term restrictions to investigate the relative importance of interest rate, exchange rate and credit channels in the monetary policy transmission (MPT) for the Czech Republic, Hungary and Poland over 1993:1-2004:3. Main results are as follows. First, in...

this item has no abstract

We use a structural VAR model with short-term restrictions to investigate the relative importance of interest rate, exchange rate and credit channels in the monetary policy transmission (MPT) for the Czech Republic, Hungary and Poland over 1993:1-2004:3. Main results are as follows. First, in...

Du fait du vieillissement de la population, l’emploi des seniors devient un enjeu primordial de la politique du travail dans les pays européens. Retarder l’âge de fin d’activité permettrait d’augmenter le niveau de production et d’équilibrer les systèmes de retraite sans réduire...

This paper is devoted to an extension of Dibooglu and Kutan’s work [Journal of Comparative Economics, June 2001], in two directions. First, a bivariate VAR, including the real effective exchange rate (REER) and inflation, is tested not only for Hungary and Poland, but also for the Czech...

On 1st May 2004, ten countries will have joined the European Union (EU): Cyprus, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Malta, Poland, Slovenia, and Slovakia. The presence of eight Central and Eastern European countries (CEECs hereafter) among the ten newcomers is particularly...

L’élargissement de l’Union européenne (UE) à dix nouveaux pays en mai 2004 constitue un événement politique, économique et social sans précédent. D’une envergure jamais vue en termes de population, il concerne aussi principalement des pays d’Europe centrale et orientale (dits...