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We adopt a comparative view of the stabilization policies designed and implemented in Bulgaria and Yugoslavia during … (Yugoslavia)-without (Bulgaria)” scenarios in a communist context. The authorities' views are discussed and newly accessible … archival evidence is presented in the case of Bulgaria. The ruling elites’ vision is confronted by that of critical …
Persistent link: https://www.econbiz.de/10014080432
The paper contains a retrospective analysis of macroeconomic policy and reforms in the countries of the former Soviet Union (FSU) from 1992 to 2021, after obtaining political and economic independence in 1991. Special attention is given to problems of macroeconomic stabilization and economic...
Persistent link: https://www.econbiz.de/10015394231
The paper discusses conditions and prospects for fast and durable growth in emerging market economies. In the course of history less than 30 countries have become rich and still more than 80 percent of the world population is lagging behind. In many cases a lot indeed. It is true not only for...
Persistent link: https://www.econbiz.de/10014116411
Without national accounts statistics, citizens, politicians, entrepreneurs and economists would be blind for the size, composition and development in national economies. This book provides an unique overview of the merits and limitations of the national accounts. Attention is paid to the three...
Persistent link: https://www.econbiz.de/10013141547
strict accordance with the objectives of foreign policy and only when the values recorded for inflation allow this. Thus …
Persistent link: https://www.econbiz.de/10013084020
The transitional recession in Eastern Europe and the former Soviet Union has lasted much longer than expected. It has been the result of both the legacy of the past and policy mistakes. Due to structural reforms and gradual institution-building, the postsocialist economies have started to...
Persistent link: https://www.econbiz.de/10012710506
This study employs the auto regressive distributed lag (ARDL) model to ascertain the relative effectiveness of monetary and fiscal policies in Nigeria using a quarterly time-series from 1981-2012. From our analysis, it discovered that monetary and fiscal policies both have significant positive...
Persistent link: https://www.econbiz.de/10012951917
The impacts of fluctuations of exchange rates of foreign hard currencies are well documented in economics literature. There are measures taken over by countries to absorb their impacts on income, employment and national economies ability to function and produce. However, distortions are observed...
Persistent link: https://www.econbiz.de/10013123029
The paper focuses on analyzing the leading macroeconomic trends and policies in Cuba from 1985-2013. Five macroeconomic indexes were estimated using dynamic factor models. The correlations between the estimated indexes and the GDP growth rate show that, on average, fiscal policy was procyclical...
Persistent link: https://www.econbiz.de/10012957325
affected the inflation rate but not the mean or variance of the aggregate unemployment rate) to 4.19 percent of consumption (if … policies affected the inflation rate and lowered the mean and variance of the aggregate unemployment rate) …
Persistent link: https://www.econbiz.de/10014195725