| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP626 |
| DP626 The `Big Bang' Versus `Slow but Steady': A Comparison of the Hungarian and the Polish Transformations | |
| István Abel; John Bonin | |
| 发表日期 | 1992-01-30 |
| 出版年 | 1992 |
| 语种 | 英语 |
| 摘要 | This paper discusses three aspects of stabilization and international integration: the real wage; inflation; and the real effective exchange rate. Using empirical evidence on inflation and the real effective exchange rate, we evaluate the gradualist option represented by the Hungarian reforms. The prospect for continuing a programme based on a real exchange rate anchor supported by a crawling peg tied to a basket of convertible currencies is assessed. These issues are compared with the experience of Poland, which is considered to be an example of shock therapy using a nominal anchor. |
| 主题 | International Macroeconomics |
| 关键词 | Eastern europe Economic transformation Exchange rate anchor Real wage Stabilization policy |
| URL | https://cepr.org/publications/dp626 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529778 |
| 推荐引用方式 GB/T 7714 | István Abel,John Bonin. DP626 The `Big Bang' Versus `Slow but Steady': A Comparison of the Hungarian and the Polish Transformations. 1992. |
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