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A small expectations-expanded ""Mundell-Fleming"" model is built for the European Union Accession Countries and estimated to assess the optimality of different exchange rate regimes (a peg and a float) through a simple welfare function. Floating appears as the best option for most of the...
Persistent link: https://www.econbiz.de/10001712147
A small expectations-expanded "Mundell-Fleming" model is built for the European Union Accession Countries and estimated to assess the optimality of different exchange rate regimes (a peg and a float) through a simple welfare function. Floating appears as the best option for most of the countries...
Persistent link: https://www.econbiz.de/10011475894
In command economies, inflation is either absent or at least unrelated to supply and demand. However, when the economies in Eastern Europe started transforming into market economies, they suddenly experienced high and volatile inflation rates. Transformation countries are therefore interesting...
Persistent link: https://www.econbiz.de/10013012986
Persistent link: https://www.econbiz.de/10001394059
Persistent link: https://www.econbiz.de/10001663334
This paper looks at public support for the creation of a market economy in Eastern Europe. As a data base, the Central and Eastern Eurobarometers surveys are employed, covering up to 21 countries over a time period of 1990-96 and totalling more than 100000 observations on individuals. The...
Persistent link: https://www.econbiz.de/10010519061
This paper looks at public support for the creation of a market economy in Eastern Europe. As a data base, the Central and Eastern Eurobarometers surveys are employed, covering up to 21 countries over a time period of 1990-96 and totalling more than 100,000 observations on individuals. The...
Persistent link: https://www.econbiz.de/10014169772
Persistent link: https://www.econbiz.de/10001442503
Persistent link: https://www.econbiz.de/10003359329
To understand how the welfare state adjusts to economic shocks it is important to explain both the genesis of popular preferences and the institutional incentives of governments to respond to these preferences. This paper attempts to do both, using a general theoretical framework and detailed...
Persistent link: https://www.econbiz.de/10014027617