Add Papers Marked0
Paper checked off!

Marked works

Viewed0

Viewed works

Shopping Cart0
Paper added to shopping cart!

Shopping Cart

Register Now

internet library
Atlants.lv library
FAQ

Great deal: today with a discount!

Regular price:
4,99
You save:
0,80 (16%)
Discounted price*:
4,19
Purchase
Add to Wish List
ID number:903209
Author:
Evaluation:
Published: 18.10.2019.
Language: English
Level: Secondary school
Literature: 20 units
References: Not used
Time period viewed: 1999.g. - 2017.g.
Table of contents
Nr. Chapter  Page.
  Introduction    3
1.  General economic overview    4
2.  Private sector    7
3.  Fiscal Policy    8
4.  Monetary policy    11
5.  External trade    13
6.  Current position and policy recommendation    15
  Reference list    17
  Appendix    20
Extract

6.1 Poland
Figure 10. Swan diagram model of
Poland. Graph made by the author
Using the swan diagram, we can tell where Poland sits on the diagram and helps to discover what policies to consider. Currently Poland has achieved the equilibrium of current account balance and only has to achieve its full employment GDP which by looking at the unemployment rates looks to be rather sooner than later (Figure 10). With debt level normalized the only recommended policy for Poland should be a structural reform. If he full employment output is reached, the country will be limited by the production technology available. This can be hard to accomplish and would cause unemployment, however, for the long run this is the most sustainable policy for Poland. Poland can afford an increase in unemployment rate since their unemployment is low and the supply in the labour market is available.

6.2 Hungary
Figure 11. Swan diagram model of
Hungary. Graph made by the author
When using the data mentioned in the report, we can evaluate where Hungary stands on the swan diagram. As the Financial Minister of Hungary mentioned that the country is near or even at full employment GDP and the current account balance being positive, we can see in the graph the potential position of Hungary in the swan diagram (Figure 11). Hungary’s main imbalance is that its current account is larger than zero. A recommended policy would be revaluation of the HUF. The effects of revaluation would decrease the competitiveness of the country which would decrease net exports. However, this is a risky move since Hungary is very dependent on exports due to the export % of GDP being higher than in most EU countries (see appendix 4.).

Author's comment
Work pack:
GREAT DEAL buying in a pack your savings −3,36 €
Work pack Nr. 1374150
Load more similar papers

Send to email

Your name:

Enter an email address where the link will be sent:

Hi!
{Your name} suggests you to check out this Atlants.lv paper on „Macroeconomic Analysis of Poland and Hungary”.

Link to paper:
https://eng.atlants.lv/w/903209

Send

Email has been sent

Choose Authorization Method

Email & Password

Email & Password

Wrong e-mail adress or password!
Log In

Forgot your password?

Draugiem.pase
Facebook
Twitter

Not registered yet?

Register and redeem free papers!

To receive free papers from Atlants.com it is necessary to register. It's quick and will only take a few seconds.

If you have already registered, simply to access the free content.

Cancel Register