How Symmetric Are the Shocks and the Shock Adjustment Dynamics Between the Euro Area and Central and Eastern European Countries?

Michael R. Frenkel · Christiane Nickel

60 citations0/0 files storedIMF Working Paper

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

Monetary Policy and Economic Impact Global Financial Crisis and Policies European Monetary and Fiscal Policies

Abstract

In this paper, we use a structural vector autoregression model to identify and compare demand and supply shocks between euro area countries and central and eastern European countries (CEECs). The shocks and the shock adjustment dynamics of these countries are also compared to EU countries that currently do not participate in the EMU. Focusing on the period 1993-2001, we find that there are still differences in the shocks and in the adjustment process to shocks between the euro area and the CEECs. However, several individual CEECs exhibit shocks and shock adjustment processes that are fairly similar to some euro area countries.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 60 citations exist upstream.

References

1988The Dynamic Effects of Aggregate Demand and Supply Disturbances 1988The dynamic effects of aggregate demand and supply disturbance 1994Real Exchange Rates Within and Between Currency Areas: How Far Away is EMU?1999Monetary and Exchange Rate Policy of Transition Economies of Central and Eastern Europe after the Launch of EMU

Cited by

2006How synchronized are new EU member states with the euro area? Evidence from a structural factor model 2007Optimum Currency Area Theory: A Selective Review 2004Real Convergence and Euro Adoption in Central and Eastern Europe: Trade and Business Cycle Correlations as Endogenous Criteria for Joining Emu 2007A Meta-Analysis of Business Cycle Correlation between the Euro Area and CEECs: What Do We Know - and Who Cares?2007Monetary Integration of the New EU Member States: What Sets the Pace of Euro Adoption?2006Eastern and Southern Africa Monetary Integration: A Structural Vector Autoregression Analysis 2012Assessing independent monetary policy in small, open and euroized countries: evidence from Western Balkan

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.