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By placing store-level price data into bivariate Structural VAR models of inflation and relative price asymmetry, this study evaluates the quantitative importance of idiosyncratic pricing shocks in short-run aggregate price change dynamics. Robustly to alternative definitions of the relative...
Persistent link: https://www.econbiz.de/10009636524
responses to both permanent and transitory shocks in Hungary and compared my results to similar studies on Italian and …
Persistent link: https://www.econbiz.de/10003825822
, based on a panel of four biggest Central European countries (the Czech Republic, Hungary, Poland and Slovakia) confirm …
Persistent link: https://www.econbiz.de/10003973003
, Hungary, Poland, Russia and Turkey from May 1998 to December 2007. To account for the importance of market expectations we use …
Persistent link: https://www.econbiz.de/10003963785
than previously thought. - Wage setting ; survey ; wage dynamics network ; Hungary …
Persistent link: https://www.econbiz.de/10009380424
estimates of downward real and nominal wage rigidity for Hungary. Results suggest that nominal rigidity is more prominent in … Hungary than real rigidity. When compared to other countries participating in the IWFP, Hungary ranks among the countries with … the lowest degree of downward real rigidity. The estimated downward nominal rigidity for Hungary is higher, the measure is …
Persistent link: https://www.econbiz.de/10009380436
In view of the increasing use of Dynamic Stochastic General Equilibrium (DSGE) models in the macroeconomic projections and the policy process, this paper examines, both conceptually and empirically, alternative notions of potential output within DSGE models. Furthermore, it provides historical...
Persistent link: https://www.econbiz.de/10009160009
, Hungary and Poland) during the process of euro adoption. Experiences of some old members (Greece, Ireland and Portugal) and … the econometric evidence speak in favour of strong loan increases in Hungary and Poland even though their magnitude may be …
Persistent link: https://www.econbiz.de/10003208642
, Czech Republic and Hungary vis-à-vis the euro and the US dollar to estimate the risk-neutral density (RND) functions and the …
Persistent link: https://www.econbiz.de/10002814277
Persistent link: https://www.econbiz.de/10001967631