| Tartalom: |
http://real.mtak.hu/64115/ |
| Archívum: |
MTA Könyvtár |
| Gyűjtemény: |
Status = Published
Type = Monograph
|
| Cím: |
Interest premium and economic growth: the case of CEE
|
| Létrehozó: |
Baksa, Dániel
Kónya, István
|
| Dátum: |
2017
|
| Téma: |
HB1 Macroeconomics / makroökonómia
HB4 Dynamics of the economy / gazdasági folyamatok
HB5 Mathematical economics / matematikai közgazdaságtan
|
| Tartalmi leírás: |
Abstract This paper views the growth and convergence process of the four Visegrad economies - the Czech Republic, Hungary, Poland and Slovakia - through the lens of the open economy, stochastic neoclassical growth model. We use a unified framework to understand both the long-run convergence path and fluctuations around it. Our empirical exercise highlights both the role of initial conditions such as indebtedness and capital intensity, and random shocks in the growth process. In particular, we explore the importance of the external interest rate premium, and its role in driving investment and the trade balance.
|
| Nyelv: |
angol
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| Típus: |
Monograph
NonPeerReviewed
info:eu-repo/semantics/book
|
| Formátum: |
text
|
| Azonosító: |
Baksa, Dániel and Kónya, István (2017) Interest premium and economic growth: the case of CEE. Discussion Paper. UNSPECIFIED, Warsaw.
|
| Kapcsolat: |
https://www.nbp.pl/publikacje/materialy_i_studia/266_en.pdf
NBP Working Paper No. 266
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