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in unit labour costs. Despite this (and despite growth being weaker than expected in the euro zone), NMS foreign trade … continues to perform excellently. Foreign trade has been even more instrumental in generating GDP growth in the first quarter of … 2005 than in the past. It should be pointed out, however, that NMS trade with the 'old' EU has grown at a relatively slower …
Persistent link: https://www.econbiz.de/10009492721
growth in Ukraine has been spectacular, reflecting weak investment demand and the deterioration of foreign trade. By and …
Persistent link: https://www.econbiz.de/10009492722
outstanding feature of last year's economic developments was a boost in foreign trade (or of intra-EU dispatches and arrivals in … their aggregate trade balance slightly deteriorated (in fact foreign trade contributed positively to GDP growth in Poland … and 72% of imports represent intra-EU trade. Given the high (and rising) export surpluses of Russia and Ukraine - in both …
Persistent link: https://www.econbiz.de/10009649596
outstanding feature of last year's economic developments was a boost in foreign trade (or of intra-EU dispatches and arrivals in … their aggregate trade balance slightly deteriorated (in fact foreign trade contributed positively to GDP growth in Poland … and 72% of imports represent intra-EU trade. Given the high (and rising) export surpluses of Russia and Ukraine - in both …
Persistent link: https://www.econbiz.de/10012100050
in unit labour costs. Despite this (and despite growth being weaker than expected in the euro zone), NMS foreign trade … continues to perform excellently. Foreign trade has been even more instrumental in generating GDP growth in the first quarter of … 2005 than in the past. It should be pointed out, however, that NMS trade with the 'old' EU has grown at a relatively slower …
Persistent link: https://www.econbiz.de/10012100056
growth in Ukraine has been spectacular, reflecting weak investment demand and the deterioration of foreign trade. By and …
Persistent link: https://www.econbiz.de/10012100061
In this paper we critically review the literature on the political economy of monetary policy, with an eye on the questions raised by the recent financial crisis. We begin with a discussion of rules versus discretion. We then examine the issue of the central bank's independence (CBI) both in...
Persistent link: https://www.econbiz.de/10009002650
Robust control theory is a tool for assessing decision rules when a decision maker distrusts either the specification of transition laws or the distribution of hidden state variables or both. Specification doubts inspire the decision maker to want a decision rule to work well for a [empty set]...
Persistent link: https://www.econbiz.de/10009002651
Central banks no longer set the short-term interest rates that they use for monetary policy purposes by manipulating the supply of banking system reserves, as in conventional economics textbooks; this process normally involves little or no variation in the supply of central bank liabilities. In...
Persistent link: https://www.econbiz.de/10009002652
evidence of benefits in emerging economies; (2) Europe's monetary union has increased intra-European trade and capital flows …
Persistent link: https://www.econbiz.de/10009002653