Haku
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Sequential reform strategy : The case of Azerbaijan
(15.05.2000)
BOFIT Discussion Papers 8/2000
BOFIT Discussion Papers 8/2000
The aim is to review transition literature for evidence that supports sequential reform strategy, as presented in this report. The second part discusses the findings in the context of Azerbaijan, a formerly socialist ...
A model of Russia's "virtual economy"
(19.07.2000)
BOFIT Discussion Papers 10/2000
BOFIT Discussion Papers 10/2000
The Russian Economy has evolved into a hybrid form, a partially monetized quasi-market system that has been called the virtual economy.In the virtual economy, barter and non-monetary transactions play a key role in ...
Fiscal Explanations for Inflation: Any Evidence from Transition Economies?
(19.09.2000)
BOFIT Discussion Papers 11/2000
BOFIT Discussion Papers 11/2000
Measuring central bank independence in selected transition countries and the disinflation process
(19.10.2000)
BOFIT Discussion Papers 13/2000
BOFIT Discussion Papers 13/2000
The paper measures the degree of legal and actual central bank independence (CBI) in five Central and Eastern European transition economies striving for EU accession, namely the Czech Republic, Hungary, Poland, Slovakia ...
Bank regulation, compliance and enforcement
(20.01.2000)
BOFIT Discussion Papers 2/2000
BOFIT Discussion Papers 2/2000
A model is presented where the question of bank regulation is developed under a principal-agent scenario in a regime where the regulator has limited resources and banks may have an incentive to act ultra virus the regulatory ...
Employment- wage decisions in the insider-owned firm
(10.01.2000)
BOFIT Discussion Papers 1/2000
BOFIT Discussion Papers 1/2000
The paper is intended to explain low sensitivity of employment decisions observed in transition economies where insider ownership prevails and capital markets are not highly developed.We introduce a stability concept for ...
Money shocks in a small open economy with dollarization, factor price rigidities and nontradeables
(30.09.2000)
BOFIT Discussion Papers 12/2000
BOFIT Discussion Papers 12/2000
The impact of an unanticipated monetary shock in a small open economy with dollarization, factor price rigidities, and nontradeables is re-examined in an optimizing intertemporal general equilibrium model.The framework of ...
Tax evasion in a transition from socialism to capitalism : The psychology of the social contract
(30.03.2000)
BOFIT Discussion Papers 6/2000
BOFIT Discussion Papers 6/2000
In a common assumption of the economics of tax evasion, extending beyond the basic Allingham-Sandmo model, the choice of a taxpayer to evade taxes depends upon the perceived fairness of the tax system.The purpose of the ...
Fiscal policy and structural reforms in transition economies : An empirical analysis
(10.03.2000)
BOFIT Discussion Papers 5/2000
BOFIT Discussion Papers 5/2000
This paper makes an empirical examination of the relationship between fiscal balance and structural reforms using panel data from 25 transition economies The results indicate that price liberalisation has a positive impact ...
Econometric analysis of currency substitution : A case of Latvia
(01.03.2000)
BOFIT Discussion Papers 4/2000
BOFIT Discussion Papers 4/2000
This paper examines a price-level target in a model with a forward-looking CalvoTaylor Phillips curve.Contrary to conventional wisdom, it is found that price-level targeting leads to a better trade-off between inflation ...