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In this paper, we focus on thorough yield curve modelling. We build on extended classical Nelson-Siegel model, which we further develop to accommodate unobserved regional common factors. We centre our discussion on Central European currencies' yield curves: CZK, HUF, PLN and SKK. We propose a...
Persistent link: https://www.econbiz.de/10008655546
This paper analyzes political pressure on the National Bank of Slovakia, using the Havrilesky (1993) methodology based … on media signalling. This methodology allows the pressure on the Central Bank of Slovakia to be compared with the … in Slovakia and prevailance of financial sector representatives as the main commentaries on monetary policy of the …
Persistent link: https://www.econbiz.de/10009301283
We study the impact of news embedded in scheduled macroeconomic announcements on the government bond market in Poland and the Czech Republic. We conduct an event study on intraday data and time-series regressions using daily data over an eight-year period, distinguishing between effects under...
Persistent link: https://www.econbiz.de/10010529892
contribution of this research is that we explore the impact of euro introduction on Slovakia, in comparison to the Czech Republic …
Persistent link: https://www.econbiz.de/10010251088
We analyze labor market flows and unemployment in the Czech Republic (CR), Slovakia and Poland over the period 2004 …
Persistent link: https://www.econbiz.de/10009512215
We provide evidence on the policy risk of social security in Hungary, Czech Republic and Slovakia by computing the …
Persistent link: https://www.econbiz.de/10003721303
consumption in Yerevan, Armenia. We collected data from 300 households for a total of 8 months. While monthly peer comparison …
Persistent link: https://www.econbiz.de/10014333966
transmission mechanism in Slovakia. Subject to various sensitivity checks, we find that contractionary monetary policy shock has a … policy shock on Slovak prices is more powerful than that of the National Bank of Slovakia. Slovak central bank interest rate … shocks ; monetary policy ; Slovakia ; euro area …
Persistent link: https://www.econbiz.de/10003790183
analyze the experience of an emerging economy, Slovakia, using a large micro-level dataset that accounts for a substantial …
Persistent link: https://www.econbiz.de/10003790192
policy in a country for which no studies on daylight saving exist, Slovakia. Using hourly data from the 2010-2017 period, we …. Alternatively, extrapolating the effect from the results of a previous meta-analysis (on different countries), for Slovakia we …
Persistent link: https://www.econbiz.de/10011999940