Comparing Central Europe and the Baltic macro-economies: A Bayesian approach

Elton Beqiraj, Giovanni Di Bartolomeo (), Marco Di Pietro () and Carolina Serpieri

EconStor Preprints from ZBW - Leibniz Information Centre for Economics

Abstract: Applying the Bayesian approach, a small open economy DSGE model was estimated using a sample of quarterly data for a macro-region formed by six Central Europe and Baltic economies: Czech Republic, Estonia, Hungary, Lithuania, Poland, and Slovakia. Estimates have been employed to investigate the effects of a financial crisis, exploring the role played by country differences in the relative performances. We also use our Bayesian estimations to compute two measures of resilience in the considered region.

Keywords: resilience; Bayesian estimations; financial crisis; macroeconomic performance; emerging markets (search for similar items in EconPapers)
JEL-codes: E02 E32 E58 (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-cis, nep-dge, nep-eec, nep-mac and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/175242/1/bayes11_withapp.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:175242

Access Statistics for this paper

More papers in EconStor Preprints from ZBW - Leibniz Information Centre for Economics Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().