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, Austria, Czechia, Hungary, Slovakia and Slovenia, whose economic structure is characterized by strong export orientation. We …
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We propose the method of eigenvalue filtering as a new tool to extract time series subcomponents (such as business-cycle or irregular) defined by properties of the underlying eigenvalues. We logically extend the Beveridge-Nelson decomposition of the VAR time-series models focusing on the...
Persistent link: https://www.econbiz.de/10011604595
This paper compares the depth and length of the recent crisis with the Great Depression in the 1930s. It claims that economic policy played a crucial role in shortening and curtailing the recent crisis. We analyse which policies were applied during the recent crisis and which measures worked. We...
Persistent link: https://www.econbiz.de/10011435292
Ähnlich wie in den anderen MOEL hatte auch in der Slowakei der Systemwechsel Anfang der 90er Jahre drastische Folgen … marktpolitischen Rahmenbedingungen der Slowakei. … sectors in Slovakia. For example, Slovakian consumers reacted to the abolition of consumer subsidies by drastically reducing …
Persistent link: https://www.econbiz.de/10010299319
aged 30-34). This article, on an example of Slovakia, provides an analysis of both positive and negative impact of …
Persistent link: https://www.econbiz.de/10011310244
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 …
Persistent link: https://www.econbiz.de/10010322189
The recent admission of Slovakia into the Economic and Monetary Union (EMU) stands in sharp contrast with the … reasons: first, during the early phase of the transition process Hungary was way ahead of Slovakia, and second, the high level … Slovakia. This implies that in the absence of an elite consensus on continuing the reforms, the current success of Slovakia …
Persistent link: https://www.econbiz.de/10011470784