CHARACTERIZING MACROECONOMIC SHOCKS IN THE CEECs
AbstractIn this paper we analyze the nature of the shocks hitting the CEECs over the recent years. To this end, we first evaluate the relative importance of symmetric vs. asymmetric shocks, and then extract their temporary component. Our final aim would be assessing the vulnerability of the CEECs to temporary and asymmetric shocks, which would be the most harmful case for the operation of a monetary union. Finally, a comparison with the case of the current EMU members is also presented.
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Bibliographic InfoPaper provided by Asociación Española de Economía y Finanzas Internacionales in its series Working Papers with number 05-12.
Length: 10 pages
Date of creation: Dec 2005
Date of revision:
Monetary union; Central and Eastern European countries; asymmetric shocks; temporary shocks;
Other versions of this item:
- Oscar Bajo-Rubio & Carmen DÃaz-RoldÃ¡n, . "Characterizing macroeconomic shocks in the CEECs," Working Papers on International Economics and Finance 05-12, FEDEA.
- E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes
- F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
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