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

_IMF Working Papers, October 1, 1992_

## Source details

**Canonical URL:** [Structural and Macroeconomic Determinants of the Output Decline in Poland: 1990-91](https://www.imf.org/en/publications/wp/issues/2016/12/30/structural-and-macroeconomic-determinants-of-the-output-decline-in-poland-1990-91-837)

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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

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### 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."*

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_Source: https://www.imf.org/en/publications/wp/issues/2016/12/30/structural-and-macroeconomic-determinants-of-the-output-decline-in-poland-1990-91-837_