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Risk premium shocks, monetary policy and exchange rate pass-through in the Czech Republic, Hungary and Poland
Vonnák, Balázs - 2010
. VAR models are estimated for the Czech Republic, Hungary and Poland. Contemporaneous and sign restrictions are imposed in …
Persistent link: https://www.econbiz.de/10003935145
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How much of the macroeconomic variation in Eastern Europe is attributable to external shocks
Maćkowiak, Bartosz (contributor) - 2005
Republic, Hungary and Poland. We find that a sizable fraction of the variation is attributable to external shocks, especially …
Persistent link: https://www.econbiz.de/10003324162
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Labour mobility as an adjustment mechanism to asymmetric shocks in Europe : evidence from the Czech Republic, Hungary, Poland and Slovakia
Nchor, Dennis - In: Journal for labour market research 54 (2020) 1/16, pp. 1-19
This paper assesses the nature and correlation of shocks in Visegrad countries and investigates the role of labour mobility in the process of adjustment to the effects of asymmetric shocks. Structural vector autoregression (SVAR) models are employed to assess the nature and correlation of shocks...
Persistent link: https://www.econbiz.de/10012404693
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The EAGLE model for Hungary : a global perspective
Békesi, László; Kaszab, Lóránt; Szentmihályi, Szabolcs - 2017
In this paper we adopt the Hungarian version of the EAGLE (Euro Area GLobal Economy) model. The version of the EAGLE … Hungary. We study the effects of four globally important shocks on Hungary: i) a slowdown of the Chinese economy, ii) more … policies to have nonnegligible indirect effects (beyond the relatively small direct ones) on Hungary mostly due to the workings …
Persistent link: https://www.econbiz.de/10011674240
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The impact of monetary policy and exchange rate shocks in Poland : evidence from a time-varying VAR
Arratibel, Olga; Michaelis, Henrike - 2013
effect. (2) Consumer prices appear more responsive to an interest rate shock during the first half of our sample, when Poland …
Persistent link: https://www.econbiz.de/10010439334
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The Impact of Monetary Policy and Exchange Rate Shocks in Poland : Evidence from a Time-Varying VAR
Arratibel, Olga - 2014
effect. (2) Consumer prices appear more responsive to an interest rate shock during the first half of our sample, when Poland …
Persistent link: https://www.econbiz.de/10013060040
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Analysis of various shocks within the high-frequency versions of the baseline new-keynesian model
Sacht, Stephen - 2014
In this paper we analyze a hybrid small-scale New-Keynesian model with an arbitrary frequency of the agents’ synchronized decision making. We study the impact of various demand and supply shocks on the dynamics of the model variables. We show that the corresponding impulse-response functions...
Persistent link: https://www.econbiz.de/10010234030
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Analysis of various shocks within the high-frequency versions of the baseline new-Keynesian model : conference paper
Sacht, Stephen - 2014
In this paper we analyze a hybrid small-scale New-Keynesian model with an arbitrary frequency of the agents synchronized decision making. We study the impact of various demand and supply shocks on the dynamics of the model variables. We show that the corresponding impulse-response functions of...
Persistent link: https://www.econbiz.de/10010483854
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The effect of heterogeneuous wage contracts on macroeconomic volatility in a financially fragile economy
Kim, Jongheuk - In: East Asian economic review 21 (2017) 2, pp. 167-197
I build a small open economy (SOE) dynamic stochastic general equilibrium (DSGE) model to investigate the effect of a heterogeneous wage contract between regular and temporary workers on a macroeconomic volatility in a financially fragile economy. The imperfect financial market condition is...
Persistent link: https://www.econbiz.de/10011765066
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Policy mix in a small open emerging economy with commodity prices
André, Marine C.; Armijo, Alberto; Espidio, Sebastián … - In: Latin American journal of central banking : LAJCB 4 (2023) 1, pp. 1-19
The article analyzes the interaction between monetary and fiscal policy in Mexico. We calibrated a semi-structural model for a small open economy, based on Aguilar and Ramírez-Bulos (2018), for Mexico by using quarterly data from 2001Q1 to 2019Q4. The fiscal policy block models the fiscal...
Persistent link: https://www.econbiz.de/10014382792