Foresti, Pasquale; Marani, Ugo; Piroli, Giuseppe - In: International Journal of Economic Policy in Emerging … 8 (2015) 1, pp. 40-51
In this paper, we employ a block structured near-vector autoregression in order to compare the reactions to euro area shocks in four new member states (Bulgaria, Hungary, Czech Republic and Romania) and in the old member states of the EU. The methodology adopted also allows us to study the...
