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Business cycle dynamics in the CEE countries: a political economy approach
Adalet, Müge; Öz, Sumru - 2010
This paper uses a simple VAR analysis to examine 5 CEE countries (the Czech Republic, Hungary, Poland, Romania and Slovakia) in order to understand whether their business cycles are synchronized with each other and/or with the major economies that they are supposed to be linked with, namely the...
Persistent link: https://www.econbiz.de/10010273651
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Business Cycle Sychronization in the Enlarged EU
Darvas, Zsolt; Szapáry, György - C.E.P.R. Discussion Papers - 2005
significant increase in synchronization of GDP and its major components within EMU. This lends support to the argument of OCA … diminished in the EMU members. …
Persistent link: https://www.econbiz.de/10005792241
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Business Cycle Synchronization in the Enlarged EU
Darvas, Zsolt; Szapáry, György - Matematikai Közgazdaságtan és Gazdaságelemzés, … - 2006
significant increase in synchronization of GDP and its major components within EMU. This lends support to the argument of OCA … diminished in the EMU members. …
Persistent link: https://www.econbiz.de/10004969051
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Business Cycle Synchronisation in the Enlarged EU: Comovements in the New and Old Members
Darvas, Zsolt; Szapáry, György - Magyar Nemzeti Bank (MNB) - 2004
business cycles between the EMU and eight new EU members from Central and Eastern European countries (CEECs), for which the … next step to be considered in the integration process is entry into the EMU. In contrast to the usually analyzed GDP and … of synchronization with the EMU for GDP, industrial production and exports, but not for consumption and services. The …
Persistent link: https://www.econbiz.de/10005562437
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Business cycle synchronization in the EMU : core vs. periphery
Belke, Ansgar; Domnick, Clemens; Gros, Daniel - 2016
themselves after 2007Q4, whereas peripheral countries decreased synchronization with regards to the core, non-EMU countries and …
Persistent link: https://www.econbiz.de/10011570812
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Business cycle synchronization in the EMU : core vs. periphery
Belke, Ansgar; Domnick, Clemens; Gros, Daniel - 2016
themselves after 2007Q4, whereas peripheral countries decreased synchronization with regards to the core, non-EMU countries and …
Persistent link: https://www.econbiz.de/10011582248
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Business cycle synchronization in the EMU : core vs. periphery
Belke, Ansgar; Domnick, Clemens; Gros, Daniel - 2017
themselves after 2007Q4, whereas peripheral countries decreased synchronization with regards to the core, non-EMU countries and …
Persistent link: https://www.econbiz.de/10012111060
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Transatlantic monetary and fiscal policy interaction
Aarle, Bas van; Garretsen, Harry; Huart, Florence - 2003
This paper studies the design, effects and interactions of monetary and fiscal policies in the euro-area and between the euro-area and the non euro-area. To do so, a stylized three-country model of monetary and fiscal policy rules is constructed. It is analyzed how monetary and fiscal rules...
Persistent link: https://www.econbiz.de/10011509484
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Foreign price shocks and monetary policy in an asymmetric monetary union
Wohltmann, Hans-Werner; Clausen, Volker - 2002
This paper analyzes the dynamic effects of anticipated and unanticipated foreign price increases of imported raw materials for a small two-country monetary union, which is simultaneously characterized by asymmetric wage adjustments and asymmetric interest rate sensitivities of private...
Persistent link: https://www.econbiz.de/10010494191
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Estonia and Euro Adoption: Small Country Challenges of Joining EMU
Brixiova, Zuzana; Morgan, Margaret; Wörgötter, Andreas - Economics Department, Organisation de Coopération et … - 2009
structure of its economy also notably differs from the euro zone. To benefit fully from joining the EMU, Estonia must strengthen …
Persistent link: https://www.econbiz.de/10008498024