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Assessment Of The Central And Eastern Europe Economies In The In The Years 2007-2010 Based Of The Model Of The Macroeconomic Stabilization Pentagon

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  • Dorota Zuchowska

    (College of Social and Media Culture in Torun, Poland)

Abstract

The model of the macroeconomic stabilisation pentagon allows for a quick insight into the most important macroeconomic indicators of an economy in question. On the basis of this concept -?comparing pentagrams for particular years - changes of the economic condition of countries can be examined. Moreover, the analysis of each of the adopted criteria allows for the evaluation of achievement of particular goals by a country in terms of its economic policy. The aim of this article is to describe the condition of Central and Eastern Europe countries in the years 2007-2010. The economies analysed were compared at two levels. The first level concerned the macroeconomic situation of all economies in particular years just before and during the global economic crisis. At the second level, the changes in the analysed indicators in particular economies of Central and Eastern Europe were compared. The results of the analysis shall contribute to the formulation of conclusions concerning the influence of the financial crisis upon the macroeconomic situation of the CEE countries.

Suggested Citation

  • Dorota Zuchowska, 2013. "Assessment Of The Central And Eastern Europe Economies In The In The Years 2007-2010 Based Of The Model Of The Macroeconomic Stabilization Pentagon," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 8(4), pages 49-64, December.
    • Handle: RePEc:pes:ierequ:v:8:y:2013:i:4:p:49-64
    DOI: 10.12775/EQUIL.2013.026
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    Keywords

    Macroeconomic Stabilization Pentagon; global crisis; Central and Eastern Europe;
    All these keywords.

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • G01 - Financial Economics - - General - - - Financial Crises

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