Advertisement

Stabilisation

  • Elodie Douarin
  • Tomasz Mickiewicz
Chapter
Part of the Studies in Economic Transition book series (SET)

Abstract

This chapter discusses macroeconomic stability, its importance, and alternative ways it was (or was not) achieved in the transition period. Building on the elements introduced in the earlier chapters.

Keywords

Stabilisation Inflation Soft-budget constraint External debt Economic growth 

References

  1. Åslund, A. 2002. Building Capitalism. Cambridge: Cambridge University Press.Google Scholar
  2. Balcerowicz, L. 1992. 800 Dni. Warsaw: BGW.Google Scholar
  3. ———. 1995. Socialism, Capitalism, Transformation. Budapest: Central European University Press.Google Scholar
  4. Balcerowicz, L., C. Gray, and I. Hashi, eds. 1998. Enterprise Exit Processes in Transition Economies. Budapest: CEU.Google Scholar
  5. Bauc, J., M. Dąbrowski, and P. Senator. 1994. Źródła Inflacji w Polsce w Latach 1989–1993. Warszawa: CASE.Google Scholar
  6. Begg, D. 1998. Pegging Out: Lessons from the Czech Exchange Rate Crisis. Journal of Comparative Economics 26: 669–690.CrossRefGoogle Scholar
  7. Bofinger, P., H. Flassbeck, and L. Hoffman. 1997. Money-Based Versus Exchange Rate-Based Stabilisation. Economic Systems 21: 1.Google Scholar
  8. Bruno, M., and W. Easterly. 1998. Inflation Crises and Long Run Growth. Journal of Monetary Economics 41: 3–26.CrossRefGoogle Scholar
  9. Buiter, W., and C. Grafe. 2002. Anchor, Float or Abandon Ship: Exchange Rate Regimes for the Accession Countries. EIB Papers 7: 51–71.Google Scholar
  10. Calvo, G., and F. Coricelli. 1992. Stagflationary Effects of Stabilisation Programmes in Reforming Socialist Countries: Enterprise-Side and Household-Side Factors. World Bank Economic Review 6: 71–90.CrossRefGoogle Scholar
  11. ———. 1993. Output Collapse in Eastern Europe: The Role of Credit. IMF Staff Papers 40 (1): 32–52.CrossRefGoogle Scholar
  12. Christoffersen, P., and P. Doyle. 1999. From Inflation to Growth: Eight Years of Transition. Economics of Transition 8 (2): 421–451.CrossRefGoogle Scholar
  13. ———. 2000. From Inflation to Growth: Eight Years of Transition. Economics of Transition 8: 421–451.CrossRefGoogle Scholar
  14. Cirera, X., and J. Hőlscher. 2001. Exchange Rate Regimes and Monetary Policies in Transition to Monetary Union: The Case for Capital Controls, ACE-Phare Project P98–1065-R Paper. University of Sussex/University of Brighton.Google Scholar
  15. Corker, R., C. Beaumont, R. vanElkan, and D. Iakova. 2000. Exchange Rate Regimes in Selected Advanced Transition Economies – Coping with Transition, Capital Inflows, and EU Accession. IMF Policy discussion paper, no. 3.Google Scholar
  16. Estrin, S. 1994. The Inheritance. In Labor Market and Social Policy in Central and Eastern Europe, ed. N. Barr, 53–76. Washington, DC: World Bank.Google Scholar
  17. Fidrmuc, J., and I. Korhonen. 2004. The Euro goes East: Implications of the 2000–2002 Economic Slowdown for Synchronisation of Business Cycles Between the Euro Area and CEECs. Comparative Economic Studies 46 (1): 45–62.CrossRefGoogle Scholar
  18. Fischer, S. 1988. Devaluation and Inflation. In The Open Economy, ed. R. Dornbush, F. Leslie, and C. Helmers, 108–127. Washington/Oxford: World Bank/Oxford University Press.Google Scholar
  19. ———. 2001. Exchange Rate Regimes: Is the Bipolar View Correct? Journal of Economic Perspectives 15 (2): 3–24.CrossRefGoogle Scholar
  20. Gomulka, S. 1992. Polish Economic Reform: Principles, Policies and Outcomes. Cambridge Journal of Economics 16: 355–372.CrossRefGoogle Scholar
  21. ———. 1995. The IMF-Supported Programs of Poland and Russia, 1990–1994: Principles, Errors and Results. Journal of Comparative Economics 20: 316–346.CrossRefGoogle Scholar
  22. Gros, A., and D. Steinherr. 2004. Economic Transition in Central and Eastern Europe. Cambridge: Cambridge University Press.CrossRefGoogle Scholar
  23. Khan, M., and A. Senhadji. 2001. Threshold Effects in the Relationship Between Inflation and Growth. IMF Staff Papers 48: 1–21.Google Scholar
  24. Kornai, J., E. Maskin, and G. Roland. 2003. Understanding the Soft Budget Constraint. Journal of Economic Literature 41: 1095–1136.CrossRefGoogle Scholar
  25. Kutan, A., and J. Brada. 2000. The Evolution of Monetary Policy in Transition Economies. Federal Reserve of St. Louis Review, March, pp. 31–40.Google Scholar
  26. Kutan, A.M., and T.M. Yigit. 2005. Real and Nominal Stochastic Convergence: Are the New EU Members Ready to Join the Euro Zone? Journal of Comparative Economics 33 (2): 387–400.CrossRefGoogle Scholar
  27. Lavigne, M. 1999. The Economics of Transition. Haundmills: Macmillan.CrossRefGoogle Scholar
  28. McKinnon, R. 1993. The Order of Economic Liberalisation. Baltimore: Johns Hopkins University Press.Google Scholar
  29. Nuti, M., and R. Portes. 1993. Central Europe: The Way Forward. In Economic Transformation in Central Europe, ed. R. Portes, 1–20. London: CEPR.Google Scholar
  30. OECD. 1992. Economic Surveys: Poland. Paris: Organisation for Economic Cooperation and Development.Google Scholar
  31. Pinto, B., M. Belka, and S. Krajewski. 1993. Transforming State Enterprises in Poland: Evidence on Adjustment by Manufacturing Firms. Brookings Papers on Economic Activity 1: 213–270.CrossRefGoogle Scholar
  32. Portes, R. 1994. Transformation Traps. Economic Journal 104: 1178–1189.CrossRefGoogle Scholar
  33. Poznanski, K. 1996. Poland’s Protracted Transition. Institutional Change and Economic Growth 1970–1994. Cambridge: Cambridge University Press.Google Scholar
  34. Rebelo, S., and C. Vegh. 1995. Real Effects of Exchange-Rate-Based Stabilisation: An Analysis of Competing Theories. In NBER Macroeconomics Annual, ed. B. Bernanke and J. Rotemberg, 125–174. Cambridge, MA: MIT Press.Google Scholar
  35. Rodrik, D. 1996. Understanding Economic Policy Reform. Journal of Economic Literature 34: 9–41.Google Scholar
  36. Sachs, J. 1994. Poland’s Jump to the Market Economy. Cambridge, MA: MIT press.Google Scholar
  37. Sarel, M. 1996. Nonlinear Effects of Inflation on Economic Growth. IMF Staff Papers 43: 199–215.CrossRefGoogle Scholar
  38. Tosovsky, J. 1996. Disinflation in the Czech Republic: Looking Both Backward and Forward. In Achieving Price Stability, 147–160. Jackson Hole: Federal Reserve Bank of Kansas City.Google Scholar

Copyright information

© Tomasz Mickiewicz 2017

Authors and Affiliations

  • Elodie Douarin
    • 1
  • Tomasz Mickiewicz
    • 2
  1. 1.School of Slavonic and East European StudiesUniversity College LondonLondonUK
  2. 2.Aston Business SchoolAston UniversityBirminghanUK

Personalised recommendations