Exchange Rate Policies, Prices and Supply-Side Response: A Study of Transitional Economies

Front Matter....Pages i-xii
Introduction: Issues, Structure and Policy Recommendations....Pages 1-8
Front Matter....Pages 9-9
Output Dynamics in Transition Economies under Alternative Exchange Rate Regimes....Pages 11-23
Currency Options and Trade Smoothing under an Exchange Rate Regime Shift....Pages 24-53
Front Matter....Pages 55-55
Exchange Rate Policy and Output Growth in Transition Economies: The Experience of Bulgaria, the Czech Republic, Poland and Slovenia....Pages 57-67
The Real Exchange Rate and the Output Response in Four Transition Economies: A Panel Data Study....Pages 68-77
The Exchange Rate, Prices and the Supply Response under Transition: A Simulation Study....Pages 78-88
Front Matter....Pages 89-89
Price and Output Dynamics under a Currency Board: The Case of Bulgaria....Pages 91-103
Exchange Rates and the Supply Response in the Czech Republic: Is PPP a Relevant Rule for Assessing the Equilibrium?....Pages 104-121
Exchange Rate and the Price Response in the Czech Republic....Pages 122-139
Economic Performance in Poland under Fixed and Flexible Exchange Rate Regimes....Pages 140-156
Supply and Price Effects of Monetary and Fiscal Policy in Poland under Transition: An Econometric Analysis....Pages 157-165
The Determination of the Real Exchange Rate and its Effects on Output and Prices in Slovenia....Pages 166-187
Back Matter....Pages 188-201