From Inflation to Growth

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This paper reexamines growth in transition using panel data to 1997. It suggests that output has been strongly affected by export market growth; that inflation

Is Poland Ready for Inflation Targeting?

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Monetary policymakers in advanced transition economies such as Poland are increasingly interested in how inflation responds to changes in policy instruments and

Interest Rate Arbitrage in Currency Baskets

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When constructing hedged interest rate arbitrage portfolios for basket currencies, two issues arise: first, how are the unknown future basket weights optimally

Cointegration and Long-Horizon Forecasting

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Imposing cointegration on a forecasting system, if cointegration is present, is believed to improve long-horizon forecasts. Contrary to this belief, at long hor

Education Directory

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