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The Shock-Absorbing Capacity of the Flexible Exchange Rate in Poland

Stazka-Gawrysiak, Agnieszka - In: Focus on European Economic Integration (2009) 4, pp. 54-70

-absorbing capacity of flexible exchange rates. This paper analyzes, within a Structural Vector Autoregressive (SVAR) framework, the role …: First, we expand the prevailing SVAR models to include a financial market shock, defined as a stochastic change in a country …

Persistent link: https://www.econbiz.de/10008623548

The empirical analysis of exchange rate regimes and nonlinear econometrics

Winschel, Viktor - 2005

Persistent link: https://www.econbiz.de/10003300833

Financial risk and real variables : evidence based on a SVAR analysis of the Czech economy

Pošta, Vít; Pikhart, Zdeněk - In: Prague economic papers : a bimonthly journal of … 24 (2015) 5, pp. 516-537

Persistent link: https://www.econbiz.de/10011378319

Nonlinear transmission of financial shocks : some new evidence

Forni, Mario; Gambetti, Luca; Maffei-Faccioli, Nicolò; … - In: Journal of money, credit and banking : JMCB 56 (2024) 1, pp. 5-33

Persistent link: https://www.econbiz.de/10014483200

Nonlinear transmission of financial shocks: Some new evidence

Forni, Mario; Gambetti, Luca; Maffei-Faccioli, Nicolò; … - 2022

Financial shocks generate a protracted and quantitatively important effect on real economic activity and financial markets only if the shocks are both negative and large. Otherwise, their role is quite modest. Financial shocks have become more important for economic fluctuations after the 2000...