Babecky, Jan; Bulir, Ales; Smidkova, Katerina - In: Czech Journal of Economics and Finance (Finance a uver) 62 (2012) 3, pp. 226-251
The Great Recession affected export and import patterns in our sample of new EU member countries, and these changes, coupled with a more volatile external environment, have a profound impact on our estimates of real exchange rate misalignments and projections of sustainable real exchange rates....