How Symmetric are the Shocks and the Shock Adjustment Dynamics between the Euro Area and Central and Eastern European Countries?
How Symmetric are the Shocks and the Shock Adjustment Dynamics between the Euro Area and Central and Eastern European Countries?
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欧元区与中东欧国家的冲击和冲击调整动态的对称性如何？
DOI：
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发表时间：
2002
期刊：
影响因子：
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通讯作者：
C. Nickel
中科院分区：
文献类型：
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作者：
M. Frenkel;C. Nickel
在本文中，我们使用结构向量自回归模型来识别和比较欧元区国家和中东欧国家（CEEC）之间的需求和供应冲击。这些国家的冲击和冲击调整动态也比较欧盟国家目前没有参加欧洲货币联盟。以1993-2001年为重点，我们发现欧元区和中东欧国家在冲击和对冲击的调整过程中仍然存在差异。然而，几个单独的中东欧国家表现出的冲击和冲击调整过程与一些欧元区国家相当相似。
In this paper, we use a structural vector autoregression model to identify and compare demand and supply shocks between euro area countries and central and eastern European countries (CEECs). The shocks and the shock adjustment dynamics of these countries are also compared to EU countries that currently do not participate in the EMU. Focusing on the period 1993-2001, we find that there are still differences in the shocks and in the adjustment process to shocks between the euro area and the CEECs. However, several individual CEECs exhibit shocks and shock adjustment processes that are fairly similar to some euro area countries.