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In this paper we analyze qualitatively and quantitatively the potential effect of the EU accession on the development of several Central and Eastern European (CEE)countries (specifically, the Czech Republic, Hungary, and Poland). To achieve the task we design a small open economy version of the...
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The paper starts with Haslag's (1998) model of the bank's demand for reserves and reformulates it with a cash-in-advance approach for both financial intermediary and consumer. This gives a demand for a base of cash plus reserves that is not sensitive to who gets the inflation tax transfer. It...
Persistent link: https://www.econbiz.de/10012727928
Der wirtschaftliche Erfolg der USA in den 1990er Jahren wird häufig als Beispiel für die ökonomischen Veränderungen gesehen, die sich durch Informations- und Kommunikationstechnologien (IKT) ergeben. Insbesondere die Reduzierung der Arbeitslosigkeit bei gleichzeitig niedrigen Inflationsraten...
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