The Impact of Foreign Shocks on the Polish Economy

Anna Sznajderska

Gospodarka Narodowa. The Polish Journal of Economics, 2021, issue 1, 33-52

Abstract: This study concerns the impact of foreign shocks on the Polish economy. We consider output shocks from China, the euro area, and the United States. We estimate structural vector autoregressive (SVAR) models with the level of foreign economic activity as an endogenous variable and foreign output shock as an exogenous variable. We identify foreign output shocks outside the model. Our results indicate that a euro-area output shock has the strongest effect on the Polish economy. Meanwhile, the spillover effects from China are similar for Poland and the euro area.

Keywords: spillover effects; SVAR model; Polish economy (search for similar items in EconPapers)
JEL-codes: C32 E32 F10 O50 (search for similar items in EconPapers)
Date: 2021
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Journal Article: The Impact of Foreign Shocks on the Polish Economy (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:sgh:gosnar:y:2021:i:1:p:33-52

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