Facebook Instagram Twitter RSS Feed PodBean Back to top on side

Do German Industrial Confidence Shocks Matter for Central and Eastern Europe?

In: Ekonomický časopis/Journal of Economics, vol. 68, no. 4
Silvo Dajcman
Detaily:
Rok, strany: 2020, 321 - 339
Jazyk: eng
Kľúčové slová:
confidence, transmission of shocks, industrial production, CEE; JEL Classification: D84, E23, E32
Typ článku: Vedecký článok / Article
Typ dokumentu: PDF / PDF
O článku:
This paper studies the transmission of German industrial confidence shocks to industrial confidence, industrial production, and price and interest rate level in nine Central and Eastern European (CEE) countries (Czech Republic, Croatia, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, and Slovenia). The main questions the paper aims to answer are: (i) Do shocks in German industrial confidence affect economies in CEE? (ii) Which CEE economies are more susceptible to these shocks? (iii) Separating different groups of industrial production goods (capital goods, intermediate goods, and durable consumption goods), which production group is more sensitive to the shocks? We apply impulse response and forecast error variance decomposition analysis and find a heterogeneous response across CEE. The results imply confidence transmission running from Germany to several CEE countries, most notably Slovenia, Slovakia, and the Czech Republic.
This paper studies the transmission of German industrial confidence shocks to industrial confidence, industrial production, and price and interest rate level in nine Central and Eastern European (CEE) countries (Czech Republic, Croatia, Estonia, Hungary, Latvia, Lithuania, Poland, Slovakia, and Slovenia). The main questions the paper aims to answer are: (i) Do shocks in German industrial confidence affect economies in CEE? (ii) Which CEE economies are more susceptible to these shocks? (iii) Separating different groups of industrial production goods (capital goods, intermediate goods, and durable consumption goods), which production group is more sensitive to the shocks? We apply impulse response and forecast error variance decomposition analysis and find a heterogeneous response across CEE. The results imply confidence transmission running from Germany to several CEE countries, most notably Slovenia, Slovakia, and the Czech Republic.
Ako citovať:
ISO 690:
Dajcman, S. 2020. Do German Industrial Confidence Shocks Matter for Central and Eastern Europe?. In Ekonomický časopis/Journal of Economics, vol. 68, no.4, pp. 321-339. 0013-3035.

APA:
Dajcman, S. (2020). Do German Industrial Confidence Shocks Matter for Central and Eastern Europe?. Ekonomický časopis/Journal of Economics, 68(4), 321-339. 0013-3035.
O vydaní:
Vydavateľ: Ekonomický ústav SAV / Ekonomický ústav SAV
Publikované: 26. 4. 2020