How much of the Macroeconomic Variation in Eastern Europe is Attributable to External Shocks?
dc.contributor.author | Maćkowiak, Bartosz | |
dc.date.accessioned | 2017-06-15T23:02:01Z | |
dc.date.available | 2017-06-15T23:02:01Z | |
dc.date.created | 2006-01-04 | |
dc.date.issued | 2005-12-15 | |
dc.identifier.issn | 1860-5664 | |
dc.identifier.uri | http://edoc.hu-berlin.de/18452/4579 | |
dc.description.abstract | We 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.iso | eng | |
dc.publisher | Humboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät | |
dc.rights.uri | http://rightsstatements.org/vocab/InC/1.0/ | |
dc.subject | Vector autoregression | eng |
dc.subject | Granger causal priority | eng |
dc.subject | transition economies | eng |
dc.subject | external shocks | eng |
dc.subject.ddc | 330 Wirtschaft | |
dc.title | How much of the Macroeconomic Variation in Eastern Europe is Attributable to External Shocks? | |
dc.type | workingPaper | |
dc.identifier.urn | urn:nbn:de:kobv:11-10055041 | |
dc.identifier.doi | http://dx.doi.org/10.18452/3927 | |
dc.subject.dnb | 17 Wirtschaft | |
local.edoc.pages | 33 | |
local.edoc.type-name | Diskussionspapier | |
local.edoc.container-type | series | |
local.edoc.container-type-name | Schriftenreihe | |
local.edoc.container-year | 2005 | |
dc.identifier.zdb | 2195055-6 | |
bua.series.name | Sonderforschungsbereich 649: Ökonomisches Risiko | |
bua.series.issuenumber | 2005,61 |