After Two Decades of Integration: How Interdependent are Eastern European Economies and the Euro Area?

Catherine Prettner and Klaus Prettner

No 4421, EcoMod2012 from EcoMod

Abstract: The article investigates the interrelations between the initial members of the Euro area and five Central and Eastern European economies.Structural vector error correction approach, theoretically derived restrictions on the cointegration matrix, generalized impulse response analysisHigh degree of interconnectedness, positive spillovers of output shocks to the other region, multiplier effect in Eastern Europe, EU-12 interest rates translate into rising CEE-5 interest rates, the reverse is not the case, some evidence for the European Central Banks’ desire towards price stability.

Keywords: EU-12; CEE-5; Macroeconometric modeling; EU enlargement (search for similar items in EconPapers)
Date: 2012-07-01
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://ecomod.net/system/files/Article_Prettner_2012.pdf

Related works:
Working Paper: After Two Decades of Integration: How Interdependent are Eastern European Economies and the Euro Area? (2012)
Working Paper: After Two Decades of Integration: How Interdependent are Eastern European Economies and the Euro Area? (2012)
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:ekd:002672:4421

Access Statistics for this paper

More papers in EcoMod2012 from EcoMod Contact information at EDIRC.
Bibliographic data for series maintained by Theresa Leary ().