Das vorliegende Arbeitspapier untersucht, auf welche Art die polnische Regierung das Problem der Inflation zu behandeln versucht. Durch eine Reduktion der fiskalpolitischen Dominanz und härtere Budget-Richtlinien ist Polen seinem Ziel schon deutlich näher gekommen. Dies schlägt sich auch auf...

This paper assesses the prospects for the new Polish monetary policy strategy of inflation targeting. Regarding the general requirements for implementing an inflation targeting strategy it appears that Poland has made sufficient progress in reducing fiscal dominance and hardening budget...

This paper assesses the prospects for the new Polish monetary policy strategy of inflation targeting. Regarding the general requirements for implementing an inflation targeting strategy it appears that Poland has made sufficient progress in reducing fiscal dominance and hardening budget...

The paper reviews Slovakia''s comprehensive reforms to its taxation and welfare systems in 2004, including the introduction of a flat-rate income tax and single-rate value-added tax (VAT), and linkage of social benefits to participation in labor market programs. Though revenues following the...

This paper examines the factors and constraints that affect recent and potential growth in Croatia, as well as policies that can influence it. On current productivity trends, it estimates Croatia''s potential growth rate at 4-41⁄2 percent, a result reasonably robust to different methodologies....

This paper investigates the sources of fluctuations in the rand-U.S. dollar exchange rate in 2001 and 2002 using an empirical exchange rate model which identifies aggregate supply, aggregate demand, and nominal disturbances as possible sources for exchange rate fluctuations. According to our...