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Sources of inflation and output fluctuations in Poland and Hungary: Implications for full membership in the European Union

Dibooglu, Selahattin; Kutan, Ali M. - 2001

This paper examines the sources of fluctuations in inflation and output in two leading transitioneconomy candidates for … are negligible. Estimates of “core inflation” based on historical realizations of the shocks suggest that a major … component of inflation has been demand driven, “core” inflation. Finally, policy implications of these findings regarding EU …

Persistent link: https://www.econbiz.de/10010301247

Sources of inflation and output fluctuations in Poland and Hungary : implications for full membership in the European Union

Dibooglu, Sel; Kutan, Ali Mustafa - 2001

This paper examines the sources of fluctuations in inflation and output in two leading transitioneconomy candidates for … are negligible. Estimates of "core inflation" based on historical realizations of the shocks suggest that a major … component of inflation has been demand driven, "core" inflation. Finally, policy implications of these findings regarding EU …

Persistent link: https://www.econbiz.de/10010518135

Sources of inflation and output fluctuations in Poland and Hungary : implications for full membership in the European Union

Dibooglu, Sel; Kutan, Ali Mustafa - 2001

Persistent link: https://www.econbiz.de/10001597835

Sources of Inflation and Output Fluctuations in Poland and Hungary : Implications for Full Membership in the European Union

Dibooglu, Sel; Kutan, Ali Mustafa - 2003

This paper examines the sources of fluctuations in inflation and output in two leading transition- economy candidates … year), while monetary shocks are negligible. Estimates of "core inflation" based on historical realizations of the shocks … suggest that a major component of inflation has been demand driven, "core" inflation. Finally, policy implications of these …

Persistent link: https://www.econbiz.de/10014124144

Currency Area and Non-synchronized Business Cycles between the US and Puerto Rico

Sobrino, Cesar; Heath, Ellis - In: Economics Bulletin 33 (2013) 3, pp. 1948-1958

Frankel and Rose (1997, 1998) state that greater intensity of trading leads to more highly correlated business cycles across countries. Since 2005 Puerto Rico, which belongs to the US currency area, has suffered from economic stagnation. This raises the issue of whether currency areas lead to...

Persistent link: https://www.econbiz.de/10010681099

Reform reversal in former transition economies (FTEs) of the European Union : areas, circumstances and motivations

Székely, István P.; Ward-Warmedinger, Melanie - 2018

The rapid journey from central planning to EU (euro area) membership stress-tested the social learning processes of the Former Transition Economies (FTEs). The desire for a higher standard of living, to be anchored to the West, and to enter the EU, spurred major reform waves and led to the very...

Persistent link: https://www.econbiz.de/10011920110

Reform reversal in former transition economies (FTEs) of the European Union: Areas, circumstances and motivations

Székely, István P.; Ward-Warmedinger, Melanie - 2018

Persistent link: https://www.econbiz.de/10012140774

UNDERGROUND ACTIVITY AND INSTITUTIONAL CHANGE: PRODUCTIVE, PROTECTIVE AND PREDATORY BEHAVIOR IN TRANSITION ECONOMIES

Feige, Edgar L. - EconWPA - 2003

This paper examines why some transitions are more successful than others by focusing attention on the role of productive, protective and predatory behaviors from the perspective of the new institutional economics. Many transition economies are characterized by a fundamental inconsistency between...

Persistent link: https://www.econbiz.de/10005062456

Risk Insurance in a Transition Economy: Evidence from Rural Romania.

Irac, D.; Minoiu, C. - Banque de France - 2006

We test the hypothesis of Pareto optimal risk-sharing in a transition economy using a new dataset on a representative sample of 364 rural households from Romania. We identify income shocks as instances of adverse weather, crop and animal diseases, as well as illness and unemployment spells....

Persistent link: https://www.econbiz.de/10004998813

Institutional Economics and Transition Economies : Some Analytical Issues

Ge, Wei - 2007

It is argued in literature that two schools of thoughts might have been most relevant and influential to the policy formation and implementation in transition economies, with distinguishable economic and social outcomes. While Russia and some countries in the Central and Eastern Europe have...

Persistent link: https://www.econbiz.de/10012728521