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Economic features of monetary policy of countries in and their influence on unemployment rate of Ukraine

100%
Navrotska I.
Studenckie Prace Prawnicze, Administratywistyczne i Ekonomiczne
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2016
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vol. 19
15-26
EN
The aim of the article is to investigate the role of monetary policy in stimulating labor markets. The paper identifies instruments of monetary policy that affect labor market of countries in transition. The examined determinants are investment inflows, level of inflation and interest rate. Data were collected from the World Bank, the International Monetary Fund and the National Bank of Ukraine. The empirical results reveal that high interest rates of the countries in the EU are almost the lowest in comparison to those in transition economies, which reflects existing risk and instability of the economic system of countries in transition. Furthermore, the paper discovers gross capital investment to GDP per country and demonstrates Belarus leading in inflows of investment to the country. The research was conducted using the methods of theoretical explanations, descriptive and econometric analysis. The results of the empiric research have determined that for the period 2008–2016 asignificant relationship between refinance rate, amount of government securities and unemployment rate of Ukraine is observed. Consequently, Ukraine is provided with recommendations to decrease refinance rate for the purpose of stimulating inflows of investment to the country.
2
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Tracking financial cycles in ten transitional economies 2005?2018 using singular spectrum analysis (SSA) techniques

100%
Skare M., Porada-Rochoń M.
Equilibrium. Quarterly Journal of Economics and Economic Policy
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2019
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vol. 14
|
issue 1
7-29
EN
Research background: Financial cycles are behind many deep financial crises and it closely connects them with the business cycles, showing long memory properties and effects. Being closely connected with the business cycles, we must first explore the true nature of the financial cycles to understand the nature of the business cycles. Financial cycles are real, they have long memory properties and long-lasting effects on the economy. Purpose of the article: This study investigates the use of (SSA) in tracking and monitoring financial cycles focusing on ten (10) transitional economies 2005?2018. Methods: Singular spectrum analysis isolate significant oscillatory patterns (cycles) on housing markets with an average 4-years length. We isolate credit cycles just for Bulgaria, implying long memory properties of the cycles since this study investigated medium term (2?5 years) oscillations. Findings & Value added: The results prove the importance and advantages of using (SSA) in the study of financial cycles attempting to reveal the true nature of financial cycles as the principal component behind business cycles. Financial cycles show longer oscillations in the credit and property price series, which can explain 37.7%?49.9% of the variance of the total financial cycle fluctuations. Study results are of practical importance, particularly to policy-makers and practitioners in former transitional economies being vulnerable to adverse shocks on the financial markets. The results should assist policy-makers and financial practitioners in building and maintaining a sound financial policy needed to avoid future financial ?bubbles?.
3

Technological trap and its overcoming difficulties in transition economies

86%
Iashvili T.
Studenckie Prace Prawnicze, Administratywistyczne i Ekonomiczne
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2017
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vol. 22
11-20
EN
The aim of this article is to examine the technological trap and its impact on the economic growth. The most important question is: how the technological trap can be a burden for the economy, especially for the countries in transition. The paper provides the definition of the technological trap, the hazards of necroeconomy and how the necroeconomy can be a significant burden for economic growth of countries in transition. Our aim is to provide some theoretical examinations from above mentioned economic issues. The paper provides different sources of the technological trap and mostly is concentrated on the technological trap in transition economies.
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