Szukaj
Wyświetlanie pozycji 1-8 z 8
International confidence spillovers and business cycles in small open economies
(2020-05)
The economic literature has for a long time been looking for explanations of a very strong international correlation of business cycles. This paper shows empirically that common fluctuations can to some degree be the effect ...
Natural Rate of Interest in a Small Open Economy with Application to CEE Countries
(2023-09)
This paper extends the Laubach-Williams (2003) framework, which is widely used to estimate the natural rate of interest, to make it more suitable for studying small open economies. The model is augmented with consumer ...
The European energy crisis and the US natural gas market dynamics. A structural VAR investigation
(2024-03)
The Russian invasion of Ukraine triggered severe disruptions in the European energy markets and caused significant shifts in global natural gas flows. In this paper we investigate to what extent this European shock has ...
Does a bank levy increase frictions on the interbank market?
(2018-03)
The crisis has shown that a drop in liquidity, as well as the shortened
maturity of interbank transactions, has caused many problems for banks. We analyze how the introduction of a bank levy on bank assets ...
The role of uncertainty and sentiment for intraday volatility connectedness between oil and financial markets
(2023-11)
We quantify intraday volatility connectedness between oil and key financial assets and assess how it is related to uncertainty and sentiment measures. For that purpose, we integrate the well-known spillover methodology ...
Have European natural gas prices decoupled from crude oil prices? Evidence from TVP-VAR analysis
(2022-06)
Unprecedented increases in European natural gas prices observed in late 2021 and early 2022 raise a question about the sources of these events. In this article we investigate this topic using a time-varying parameters ...
International information flows, sentiments and cross-country business cycle fluctuations
(2020-03)
Business cycles are strongly correlated between countries. One possible explanation (beyond traditional economic linkages like trade or finance) is that consumer or business sentiments spread over boarders and a ect cyclical ...
Global Value Chains and Equilibrium Exchange Rate: Evidence from Central European Economies
(2024-03)
This paper proposes an extension of the fundamental equilibrium exchange rate (FEER) model that accounts for the trade linkages within the Global Value Chains (GVCs). In the modified FEER framework, both backward and forward ...