Why do the real sector reforms make the macroeconomic stabilisations in eastern Europe different from the ones we have seen elsewhere?

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Project objective

Several years after the beginning of reforms in Eastern Europe, it is worth while investigating closely the macroeconomic results of the stabilisation programs, that were designed on the experience of Latin American market economies and others. By now patterns arose that are distinct from the evidence known from the latter. In my PhD I want to investigate some of the reasons that make the Eastern European stabilisations different. Real sector reforms and trade reforms played a minor role in the Latin American countries while they are the crucial element in Eastern Europe. They have a distinct impact on the dynamics of interest rates, exchange rates and other macroeconomic variables such as consumption and the balance of payment that are usually considered as important variables in the process of stabilisation. The understanding of these special patterns is crucial for the success of reforms in Eastern Europe.

Original text from CORDIS.

Participants

• LONDON SCHOOL OF ECONOMICS AND POLITICAL SCIENCE · LONDONCoordinatorUnited Kingdom
• Not availableCity levelGermany

Links

• View on CORDIS