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Aggregate Demand Disturbances in the Visegrad Group and the Eurozone

Entrepreneurial Business and Economics Review

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Title Aggregate Demand Disturbances in the Visegrad Group and the Eurozone
 
Creator BECK, Krzysztof; Lazarski University
JANUS, Jakub; Cracow University of Economic
 
Subject


 
Description The main goal of the paper is to evaluate, in a comparative manner, the degree of similarities in aggregated demand disturbances in the Visegrad Group (the Czech Republic, Hungary, Poland and Slovakia, collectively: V4) and the Eurozone economies from 1995 to 2013. The underlying demand disturbances are extracted using the structural vector auto-regression (SVAR) model with the long-run restrictions. The identification scheme is based on the theoretical aggregate supplyaggregate demand (AS-AD) model. The obtained approximations of unobservable demand shocks are then used to infer on their correlation structures. This comparative empirical study brings evidence on the similarities in aggregate demand shocks within the V4 and EMU countries.
 
Publisher Cracow University of Economics
 
Contributor
 
Date 2013-09-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article

 
Format application/pdf
 
Identifier http://www.eber.uek.krakow.pl/index.php/eber/article/view/16
10.15678/EBER.2013.010302
 
Source Entrepreneurial Business and Economics Review; Vol 1, No 3 (2013): Contemporary Issues in International Economics; 7-20
2353-8821
2353-883X
 
Language eng
 
Relation http://www.eber.uek.krakow.pl/index.php/eber/article/view/16/17
 
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