Structural and Macroeconomic Determinants of the Output Decline in Poland: 1990-91

IMF Working Papers, October 1, 1992

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Structural and Macroeconomic Determinants of the Output Decline in Poland: 1990-91

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Bibliographic details

• Authors: Jonathan David Ostry, Eduardo Borensztein
• Published: October 1, 1992
• Series: IMF Working Papers
• DOI: https://doi.org/10.5089/9781451850796.001

Main research questions

• To what extent is the decline in output a generalized phenomenon, rather than reflecting the short-term effects of resource reallocation in response to the new relative price structure?
• What have been the main macroeconomic determinants of the output decline?

Key findings

• The paper finds relatively little evidence to favor a “structural change” view of the output decline.
• Both supply-side and demand-side factors have played a role in the output decline, depending on the specific time period being considered.

Analytical focus and themes

• Economic sectors
• Employment
• Energy prices
• Industrial sector
• Inflation
• Labor
• Prices
• Real wages

Keywords used by the authors

• credit condition
• demand and supply
• Eastern Europe
• Employment
• Energy prices
• enterprise budget constraint
• enterprise profitability
• Industrial sector
• Inflation
• output change
• output decline
• output development
• price shock
• price-output correlation
• Real wages
• WP

Publication and document specifics

• Authors: Jonathan David Ostry, Eduardo Borensztein
• Date: October 1, 1992
• Series: Working Paper No. 1992/086
• Issue: 086
• Volume: 1992
• Pages: 36
• DOI: https://doi.org/10.5089/9781451850796.001
• Stock No: WPIEA0861992
• ISBN: 9781451850796
• ISSN: 1018-5941

Source: IMF Working Papers landing page for "Structural and Macroeconomic Determinants of the Output Decline in Poland: 1990-91."