are less positive. This development is compared with Estonia and Slovenia, two other small and very open economies … investment. While GDP growth was one of the strongest in OECD, employment did not reach the pre-crisis level and unemployment … remains stubbornly high. This paper argues that Slovakia joined the euro area after a period of unprecedented real …

are less positive. This development is compared with Estonia and Slovenia, two other small and very open economies … investment. While GDP growth was one of the strongest in OECD, employment did not reach the pre-crisis level and unemployment … remains stubbornly high. This paper argues that Slovakia joined the euro area after a period of unprecedented real …

are less positive. This development is compared with Estonia and Slovenia, two other small and very open economies … investment. While GDP growth was one of the strongest in OECD, employment did not reach the pre-crisis level and unemployment … remains stubbornly high. This paper argues that Slovakia joined the euro area after a period of unprecedented real …

are less positive. This development is compared with Estonia and Slovenia, two other small and very open economies … investment. While GDP growth was one of the strongest in OECD, employment did not reach the pre-crisis level and unemployment … remains stubbornly high. This paper argues that Slovakia joined the euro area after a period of unprecedented real …

to rare but large events, and to a low-frequency financial cycle. Prior to the financial crisis outbreak we find corridor …