Title:	The Macroeconomics of Transition		Volume:
Author(s):	An Kondratowicz
Series:		Periodical:
Publisher:		City:
Year:	1993	Edition:	1
Language:	English	Pages:	164
ISBN:	0415091675, 9780415091671, 9780203976722	ID:	412880
Time added:	2011-06-04 13:46:07	Time modified:	2013-10-24 03:15:05
Library:		Library issue:	до 2011-01
Size:	2 MB (1698779 bytes)	Extension:	pdf
	nt
How successful has the transition to market economies proved in East-Central Europe? The decision by the East European countries to move to market economies was accompanied by much hypothesising and expounding of economic theories. However, now that the initial euphoria has passed it is time for a rational assessment of this transition and the success of those theories in practice. Since the more economically advanced countries are situated in East Central Europe, Jan Winiecki and Andrzej Kondratowicz have focused their study on Czechoslovakia, Hungary, Poland and (former) Yugoslavia. The authors present a systematic account of macroeconomic developments and institutional changes. They assess progress, dealing with the determinants of output, macro policies, wage, price and employment issues and the external balance.
Table of contents : Book Cover......Page 1 Half-Title......Page 2 Title......Page 3 Copyright......Page 4 Contents......Page 5 Figures and tables......Page 8 Preface......Page 11 FORCES SHAPING ECONOMIC ACTIVITY......Page 14 OUTPUT PATTERNS UNDER MACROECONOMICRESTRAINT......Page 17 MONETARY AND FISCAL POLICIES......Page 20 PRICES, WAGES AND EMPLOYMENT......Page 29 EXCHANGE RATE REGIMES AND POLICIES, FOREIGNTRADE AND CURRENT ACCOUNT PERFORMANCE......Page 34 INSTITUTIONAL DEVELOPMENTS......Page 41 NOTES......Page 48 INTRODUCTION......Page 52 THE SECOND HALF OF 1991: TENDENCIES OF THE FIRSTHALF CONTINUE......Page 54 MONETARY AND FISCAL POLICIES......Page 58 INSTITUTIONAL CHANGES......Page 64 CONCLUSIONS AND PERSPECTIVES......Page 67 NOTES......Page 69 POLITICS: CONSOLIDATION AND APATHY......Page 72 DETERMINANTS OF MACROECONOMIC DEVELOPMENTS......Page 74 RECESSION AND STRUCTURAL CHANGE......Page 77 ECONOMIC POLICY IN ACTION......Page 84 Maintaining the creditworthiness......Page 85 Anti-inflationary measures......Page 87 Balancing the state budget......Page 88 Institutional changes......Page 89 Privatization......Page 91 MAIN INDICATORS DESCRIBING THE MACROECONOMICSITUATION IN POLAND IN 1991......Page 96 MONETARY POLICY AND ITS IMPACT ON AGGREGATEDEMAND......Page 98 GROSS PROFITABILITY OF OUTPUT: REASONS FORDECLINE......Page 103 FISCAL POLICY AND TAX DISCIPLINE......Page 108 SOEs ON THE MARKET: AN ATTEMPT AT A CONCLUSION......Page 110 INSTITUTIONAL DEVELOPMENTS......Page 111 NOTES......Page 114 DETERMINANTS OF ECONOMIC ACTIVITY......Page 116 DOWNWARD TRENDS IN ECONOMIC ACTIVITY ANDFINANCIAL DISTORTIONS......Page 120 LIMITED PROSPECTS FOR AVERTING COLLAPSE......Page 124 PROSPECTIVE INSTITUTIONAL DEVELOPMENTS (IFCOLLAPSE IS AVERTED)......Page 126 INTRODUCTION......Page 128 WHAT WAS EXPECTED TO HAPPEN AND WHAT ACTUALLYHAPPENED......Page 129 EXPECTED DEVELOPMENTS THAT DID NOT HAPPEN......Page 132 UNEXPECTED DEVELOPMENTS THAT SURPRISEDDECISION-MAKERS AND THE ECONOMIC PROFESSION......Page 136 UNEXPECTED AND UNNOTICED......Page 141 IN PLACE OF CONCLUSIONS......Page 144 REFERENCES......Page 145 Statistical appendix......Page 148 Index......Page 158