Haku
Viitteet 1-10 / 22
Observations on disinflation in transition economies
(30.06.2004)
BOFIT Discussion Papers 5/2004
BOFIT Discussion Papers 5/2004
The transition economies were remarkably successful in curbing the inflation that took place after the initial transition and shocks and, more recently, most of the countries have brought inflation down to the levels found ...
Monetary policy rules for Russia
(30.08.2004)
BOFIT Discussion Papers 11/2004
BOFIT Discussion Papers 11/2004
The paper reviews the recent conduct of monetary policy and the central bank s rule-based behavior in Russia.Using different policy rules, we test whether the central bank in Russia reacts to changes in inflation, output ...
Assessing equilibrium exchange rates in CEE acceding countries : can we have DEER with BEER without FEER? : A critical survey of the literature
(02.02.2004)
BOFIT Discussion Papers 1/2004
BOFIT Discussion Papers 1/2004
The ambition of this paper is to provide a thorough overview of equilibrium exchange rates in the acceding countries of Central and Eastern Europe.Therefore, theoretical models of equilibrium exchange rates are reviewed ...
Price variability and the speed of adjustment to the law of one price : evidence from Slovakia
(05.05.2004)
BOFIT Discussion Papers 3/2004
BOFIT Discussion Papers 3/2004
This paper uses a large panel data set of monthly frequency final good and service prices in thirty-eight Slovak districts over a five-year period to study price variability and the working of the law of one price.We ...
Just how undervalued is the Chinese renminbi
(01.10.2004)
BOFIT Discussion Papers 14/2004
BOFIT Discussion Papers 14/2004
Given that the value of China s currency has been hot topic recently, this paper explores the equilibrium levels of China s real and nominal exchange rates.Employing a Johansen cointegration framework, we focus on the ...
The lithuanian block of the ECSB multi-country model
(30.09.2004)
BOFIT Discussion Papers 13/2004
BOFIT Discussion Papers 13/2004
This paper presents preliminary results of modelling the Lithuanian block of the ESCB Multi-Country Model, LT_MCM.The theoretical structure of the LT_MCM is in line with most current mainstream macro models, i.e. supply ...
Dealing with financial fragility in transition economies
(30.12.2004)
BOFIT Discussion Papers 22/2004
BOFIT Discussion Papers 22/2004
We examine the efforts of transition economies to deal with financial fragility and resolve banking cries We characterize the birthing process of banking in transition and the three essential features of banking crises in ...
Distortion costs and effects of price liberalisation in Russian energy markets : A CGE analysis
(01.04.2004)
BOFIT Discussion Papers 2/2004
BOFIT Discussion Papers 2/2004
Russia s economy is energy intense and wasteful of resources.This situation has arisen in part due to the country s ample energy supplies and regulated privileges for domestic consumers.Recently enacted and proposed reforms ...
The political economy of restructuring and subsidisation : an international perspective
(20.09.2004)
BOFIT Discussion Papers 12/2004
BOFIT Discussion Papers 12/2004
In today s increasingly competitive business environment, many firms in declining industries have been confronted with the need to restructure.However, lobbies in these industries have often managed to attract government ...
Estimating the determinants of foreign direct investment inflows : how important are sampling and omitted variable biases?
(10.08.2004)
BOFIT Discussion Papers 10/2004
BOFIT Discussion Papers 10/2004
This paper investigates the importance of factor endowment vis-à-vis institutions in explaining the locational choice of foreign investors during the 1990s.Using dynamic panel estimation on data for transition economies, ...