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Globalisation with all its features can be divided in two segments - good and bad. When we look at the good side of … globalisation, it is obvious that it has erased boundaries between countries in terms of trade, education, knowledge sharing, and …, developed states. A great contribution to the negative part of globalisation was of economic instability that occurred at the …
Persistent link: https://www.econbiz.de/10012217790
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The primary goal of monetary policy in most economies of the world is to achieve and maintain price stability. This paper evaluates price developments and consumer price indices in south-eastern European countries, i.e. countries that have either recently joined the EU or are candidate or...
Persistent link: https://www.econbiz.de/10011638143
Lacking data on price levels across locations (countries, national regions, etc.) for cross-space comparisons, researchers resort to local consumer price indexes (CPIs) over time to evaluate these levels. This approach unfortunately fails to specify, even generally, the exactness of such...
Persistent link: https://www.econbiz.de/10012729590
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The vertiginous increases in the overall price level and dramatic swings in relative prices experienced by Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan since the onset of the transition rendered their traditional Paasche retail price indices obsolete and called for...
Persistent link: https://www.econbiz.de/10012781877
Paper attempts to develop a model suitable for an analysis of the real exchange rate determination in transition economies. The main distinction from other approaches to the real exchange rate determination is an introduction of the pre-transition period which enables one to separately examine...
Persistent link: https://www.econbiz.de/10014113285
Paper presents a first-hand examination of the Balassa-Samuelson effect in Slovenia. Different measures of real exchange rate are presented in order to provide arguments for the Balassa-Samuelson effect estimation using 'external' real exchange rate measure. It is argued that on average one...
Persistent link: https://www.econbiz.de/10014103838
The formal differentiation of (i) pain incentives from ordinary rewards, (ii) of effortful from careful production and (iii) of diligent from slothful workers under labour market imperfect competition ultimately suggests that the optimal menu of contracts associates inducements to production...
Persistent link: https://www.econbiz.de/10015250270
The paper, prepared for a Roundtable on Major Economic Problems in the U.S. and the U.S.S.R., discusses some aspects of price theory ñ in particular, the theory of general equilibrium -ñ which may offer some theoretical insights about the economic problems to be encountered during the...
Persistent link: https://www.econbiz.de/10005464001