[Seminarreihe Regensburg] Gábor Kutasi (Corvinus University of Budapest): "Macroeconomic populism and the Baltic external imbalance"

08.12.2015 (13:30)

Am Dienstag, 8. Dezember 2015, hält Gábor Kutasi (Corvinus University of Budapest) im Rahmen der Seminarreihe des AB Ökonomie am IOS einen Vortrag zum Thema

"Macroeconomic populism and the Baltic external imbalance"

Beginn 13:30 Uhr in Raum 109/IOS

 

Abstract:

Beside the good fiscal and monetary indicators, the Baltic countries suffered a sudden stop last in 2007. The statement of the seminar is that the process of income growth and quick catching-up of Baltic economies were based on external financing. Baltic countries can be complied to the political economy model of macroeconomic populism in a specific sense. The analytical background is based on the macroeconomics of the Feldstein-Horioka puzzle and the reverse Balassa-Samuelson effect. The research results are focusing on the correlation between current account imbalance and REER, since the Baltic current account imbalance has been based on the appreciation of real effective exchange rate. Origins and consequences will be concluded. Through the Baltic example, we can implicitly enlighten on a structural problem of the European integration.

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