This study is aimed at estimation of the exchange rate volatility and its impact on the business cycle fluctuations in … four central and eastern European countries (the Czech Republic, Hungary, Poland, and Romania). Exchange rate volatility is … estimated with the EGARCH(1,1) model. It is found that exchange rate volatility is affected by the components of the Index of …

This paper applies volatility measures and VAR spectral analytic techniques to give a thorough description of the ….The central findings are summarized with regard to (i) national product share, contribution-to-variance and volatility …

decline in real exchange rate volatility, 2) significant changes in cross-country correlations, and 3) the volatility of … domestic shocks less important in accounting for the (unchanged) volatility of macroeconomic fundamentals. -- European business …