Search results for "Monetary economy"
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Turning Poland Around The Polish Economy 1990 2009
2011
This article gives a description of the policy pursued by the Polish Government and the National Bank of Poland in the transformation of the Polish economy from a central planning economy to a market economy. There is special focus on the monetary economy, and most focus is laid on the first years of the transformation process.The article also gives a presentation of the development of the main macroeconomic figures for the whole period since the introduction of the new economic system in Poland.
Les limites de la théorie du salaire d'efficience
1998
Efficiency wage theory, evolved by the "new keynesians", is part of a research programme concerned with explaining "involuntary" unemployment as part of the "general equilibrium". So, these works are a synthesis attempt of neo-classical and keynesian analyses in the employment area. Indeed, the authors place their analysis in a walrasian framework, but they integrate a keynesian concept to complete their models. In order to achieve their purpose, the efficiency wage theorists formulate two propositions on which their argument is based: 1° the relation supposed rising between the rate of wage and the productivity of wage earners, 2° the determination of the rate of wage outside the market. W…