Hence, inflation in a fixed exchange rate regime in New Europe (e.g. in Slovakia after adopting euro) can be expected at levels up to real GDP per capita growth (5-7%).
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This blog deals with recent economic, economics, and political economy developments in Central Europe (so far predominantly with Slovakia and the Czech Republic). Feel free to contribute with your own posts! Send your texts to: michal.lehuta@gmail.com, and you will get an invitation with access rights.
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- Michal: Robert Wright - Nonzero. The Logic of Human Destiny.
- Jakub: Jared Diamond:Guns, Germs, and Steel Paul Johnson: The Birth of the Modern Metheny, Mehldau: Metheny/Mehldau
1 comment:
Hello there, just checking out your blog! To my knowledge, if the regime has fixed exchange rate, their monetary policy is useless yes? Do you think this has any implications for long term growth?
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