IS REAL DEPRECIATION EXPANSIONARY? THE CASE OF THE SLOVAK REPUBLIC

Yu Hsing

Applied Econometrics and International Development, 2016, vol. 16, issue 2, 55-62

Abstract: Applying aggregate demand/aggregate supply analysis and based on a quarterly sample during 2004.Q1 – 2015.Q4, this paper finds that Slovakia’s aggregate output is positively associated with real appreciation of the euro, the real stock price and percent change in labor productivity and negatively influenced by the real lending rate, the real oil price, percent change in labor cost and the expected inflation rate. In addition, real GDP and government debt as a percent of GDP have a negative relationship during 2004.Q1 – 2009.Q2 and a positive relationship during 2009.Q3 – 2015.Q4.

Keywords: Exchange rates; Government debt; Stock prices; Productivity; Labor cost. (search for similar items in EconPapers)
JEL-codes: E62 F31 (search for similar items in EconPapers)
Date: 2016
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