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A Model-Based Analysis of Spillovers: The Case of Poland and the Euro Area

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by Michal Andrle & Roberto Garcia-Saltos
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A Model-Based Analysis of Spillovers: The Case of Poland and the Euro Area by Michal Andrle & Roberto Garcia-Saltos

This paper studies economic and financial spillovers from the euro area to Poland in a two-country semi-structural model. The model incorporates various channels of macrofinancial linkages and cross-border spillovers. We parameterize the model through an extensive calibration process, and provide a wide range of model properties and evaluation exercises. Simulation results suggest a prominent role of foreign demand shocks (euro area and global) in driving Poland�s output, inflation and interest rate dynamics, particularly in recent years. Our model also has the capability for medium-term conditional forecasting and policy analys

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Ebook Details
Pages: 50
Size: 2.9 MB
Date published:   2014
ISBN: 9781498330947 (DRM-EPUB)

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This product is listed in the following categories:

Nonfiction > Business & Economics
Nonfiction > Business & Economics > Inflation

These authors have products in the following categories:

Nonfiction > Business & Economics > Economics > Macroeconomics
Nonfiction > Business & Economics
Nonfiction > Business & Economics > Inflation
Nonfiction > Business & Economics > International
Nonfiction > Business & Economics > Economics
Nonfiction > Business & Economics > International > Economics

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