Comparing Central Europe and the Baltic macro-economies: A Bayesian approach
Giovanni Di Bartolomeo (),
Marco Di Pietro () and
Carolina Serpieri ()
EconStor Preprints from ZBW - Leibniz Information Centre for Economics
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)
New Economics Papers: this item is included in nep-cis, nep-dge, nep-eec, nep-mac and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:esprep:175242
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