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Vulnerabilities in Central and Eastern European countries : Dynamics of asymmetric shocks

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Author Info
Aleksandra Zdzienicka () (GATE-CNRS/ENS LSH, University of Lyon, France)
Abstract

In this work, we use the VAR and space-state methodology to analyze how the recent developments in 20 European countries have modified the dynamics of structural shocks. Our results confirm a visible progress in (predominated output fluctuations) supply shocks convergence between the CEECs and the euro zone, but also corroborate a positive initial impact of EMU creation and EU enlargement supply shocks correlation. In particular, we find that Croatia, Poland, Slovakia and Slovenia are good candidates to the euro adoption under condition of greater fiscal policy alignment.

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File URL: ftp://ftp.gate.cnrs.fr/RePEc/2009/0917.pdf
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Publisher Info
Paper provided by Groupe d'Analyse et de Théorie Economique (GATE), Centre national de la recherche scientifique (CNRS), Université Lyon 2, Ecole Normale Supérieure in its series Working Papers with number 0917.

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Length: 38 pages
Date of creation: 2009
Date of revision:
Handle: RePEc:gat:wpaper:0917

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Keywords: segregation; Schelling; potential function; coordination; tax; vote;

Find related papers by JEL classification:
C63 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Computational Techniques
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
C73 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Stochastic and Dynamic Games; Evolutionary Games
D62 - Microeconomics - - Welfare Economics - - - Externalities
J15 - Labor and Demographic Economics - - Demographic Economics - - - Economics of Minorities and Races; Non-labor Discrimination

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This page was last updated on 2009-11-19.

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