Taylor rules for CEE-EU countries: How much heterogeneity?

Meerim Sydykova and Georg Stadtmann

No 377, Discussion Papers from European University Viadrina Frankfurt (Oder), Department of Business Administration and Economics

Abstract: We derive Taylor rates for those CEE-EU countries which are not part of the Eurozone. The degree of heterogeneity decreased tremendously over time (2005 - 2015). Nevertheless, the business cycles are still not fully synchronized. As a consequence, joining the Eurozone seems to be premature and should not be an option right now.

Keywords: CEE; monetary policy; currency union; convergence; Taylor rule (search for similar items in EconPapers)
JEL-codes: E52 E58 F15 (search for similar items in EconPapers)
Date: 2015
New Economics Papers: this item is included in nep-eec, nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:euvwdp:377

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