CHARACTERIZING MACROECONOMIC SHOCKS IN THE CEECs
Oscar Bajo-Rubio () and
Carmen Diaz-Roldan ()
No 05-12, Working Papers from Asociación Española de Economía y Finanzas Internacionales
In this paper we analyze the nature of the shocks hitting the CEECs over the recent years. To this end, we first evaluate the relative importance of symmetric vs. asymmetric shocks, and then extract their temporary component. Our final aim would be assessing the vulnerability of the CEECs to temporary and asymmetric shocks, which would be the most harmful case for the operation of a monetary union. Finally, a comparison with the case of the current EMU members is also presented.
Keywords: Monetary union; Central and Eastern European countries; asymmetric shocks; temporary shocks (search for similar items in EconPapers)
JEL-codes: E65 F33 F41 (search for similar items in EconPapers)
References: Add references at CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Journal Article: Characterizing macroeconomic shocks in the CEECs (2005)
Working Paper: Characterizing macroeconomic shocks in the CEECs
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:aee:wpaper:0512
Access Statistics for this paper
More papers in Working Papers from Asociación Española de Economía y Finanzas Internacionales Contact information at EDIRC.
Bibliographic data for series maintained by Jose L. Torres ().