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

Cover......Page 1
Contents......Page 6
List of Tables......Page 8
List of Figures......Page 9
Acknowledgements......Page 11
List of Contributors......Page 12
1 Introduction: Issues, Structure and Policy Recommendations......Page 14
Part I: The Theoretical Framework......Page 22
2 Output Dynamics in Transition Economies under Alternative Exchange Rate Regimes......Page 24
3 Currency Options and Trade Smoothing under an Exchange Rate Regime Shift......Page 37
Part II: Comparative Studies......Page 68
4 Exchange Rate Policy and Output Growth in Transition Economies: The Experience of Bulgaria, the Czech Republic, Poland and Slovenia......Page 70
5 The Real Exchange Rate and the Output Response in Four Transition Economies: A Panel Data Study......Page 81
6 The Exchange Rate, Prices and the Supply Response under Transition: A Simulation Study......Page 91
Part III: Country Studies......Page 102
7 Price and Output Dynamics under a Currency Board: The Case of Bulgaria......Page 104
8 Exchange Rates and the Supply Response in the Czech Republic: Is PPP a Relevant Rule for Assessing the Equilibrium?......Page 117
9 Exchange Rate and the Price Response in the Czech Republic......Page 135
10 Economic Performance in Poland under Fixed and Flexible Exchange Rate Regimes......Page 153
11 Supply and Price Effects of Monetary and Fiscal Policy in Poland under Transition: An Econometric Analysis......Page 170
12 The Determination of the Real Exchange Rate and its Effects on Output and Prices in Slovenia......Page 179
References......Page 201
G......Page 209
S......Page 210
Z......Page 211
E......Page 212
P......Page 213
W......Page 214