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2005-12-15Diskussionspapier DOI: 10.18452/3927
How much of the Macroeconomic Variation in Eastern Europe is Attributable to External Shocks?
dc.contributor.authorMaćkowiak, Bartosz
dc.date.accessioned2017-06-15T23:02:01Z
dc.date.available2017-06-15T23:02:01Z
dc.date.created2006-01-04
dc.date.issued2005-12-15
dc.identifier.issn1860-5664
dc.identifier.urihttp://edoc.hu-berlin.de/18452/4579
dc.description.abstractWe decompose by origin the sources of the variation in real aggregate output and aggregate price level in the Czech Republic, Hungary and Poland. We find that a sizable fraction of the variation is attributable to external shocks, especially so for aggregate price level. We show that euroarea interest rate shocks can account for a significant fraction of the external spillover effects. We conclude that theoretical models of advanced transition economies and policy rules for these economies should feature a prominent role for external shocks.eng
dc.language.isoeng
dc.publisherHumboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subjectVector autoregressioneng
dc.subjectGranger causal priorityeng
dc.subjecttransition economieseng
dc.subjectexternal shockseng
dc.subject.ddc330 Wirtschaft
dc.titleHow much of the Macroeconomic Variation in Eastern Europe is Attributable to External Shocks?
dc.typeworkingPaper
dc.identifier.urnurn:nbn:de:kobv:11-10055041
dc.identifier.doihttp://dx.doi.org/10.18452/3927
dc.subject.dnb17 Wirtschaft
local.edoc.pages33
local.edoc.type-nameDiskussionspapier
local.edoc.container-typeseries
local.edoc.container-type-nameSchriftenreihe
local.edoc.container-year2005
dc.identifier.zdb2195055-6
bua.series.nameSonderforschungsbereich 649: Ökonomisches Risiko
bua.series.issuenumber2005,61

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