Otwarty dostęp

Measuring Nominal and Real Convergence of Selected CEE Countries by the Taylor Rule


Zacytuj

Andrews, D. W. K. (1991), Heteroscedasticity and Autocorrelation Consistent Covariance Matrix Estimation, Econometrica, Vol. 59, pp. 817–858.Search in Google Scholar

Bernanke, B. S. (2015), The Taylor Rule: A benchmark for monetary policy?, available at: http://www.brookings.edu/blogs/ben-bernanke/posts/2015/04/28-taylor-rule-monetary-policy, accessed: January 3, 2017.Search in Google Scholar

Blanchard, O., Amighini, A., Giavazzi, F. (2013), Macroeconomics: A European Perspective, Second Edition Published, Pearson Education Limited, Harlow (UK).Search in Google Scholar

Blanchard, O. Galí, J. (2007), Real Wage Rigidities and the New Keynesian Model, Journal of Money, Credit, and Banking, Vol. 39 (1), pp. 35–65.Search in Google Scholar

Cevik, N. K., Dibooglu, S., Kutan, A. M. (2016), Real and Financial Sector Studies in Central and Eastern Europe: A Review, Czech Journal of Economics and Finance, Vol. 66 (1), pp. 2–31.Search in Google Scholar

De Grauwe, P., Schnabl, G. (2005), Nominal versus Real Convergence – EMU Entry Scenarios for the New Member States, Kyklos, Vol. 58 (4), pp. 537–555.Search in Google Scholar

European Commission (2013), Labour Market Developments in Europe 2013, European Economy 6|2013, available at: http://ec.europa.eu/economy_finance/publications/european_economy/2013/pdf/ee6_en.pdf, accessed: January 3, 2017.Search in Google Scholar

Fidrmuc, J., Korhonen, I. (2006), Meta-analysis of the business cycle correlation between the euro area and the CEECs, Journal of Comparative Economics, Vol. 34 (3), pp. 518–537.Search in Google Scholar

Forgó, B., Jevčák, A. (2015), Economic Convergence of Central and Eastern European EU Member States over the Last Decade (2004-2014), European Commission, Discussion Paper 001, July 2015.Search in Google Scholar

Gächter, M., Riedl, A., Ritzberger-Grünwald, D. (2013), Business cycle convergence or decoupling? Economic adjustment in CESEE during the crisis, Bank of Finland Institute for Economies in Transition, BOFIT Discussion Papers 3/2013.10.2139/ssrn.2235041Search in Google Scholar

Heylen, F., Van Poeck, A., Van Gompel, J. (1995), Real versus Nominal Convergence: National Labour Markets and the European Integration Process, Labour, Vol. 9 (1), pp. 97–119.10.1111/j.1467-9914.1995.tb00181.xSearch in Google Scholar

Matkowski, Z., Prochniak, M., Rapacki, R. (2016), Real Income Convergence between Central Eastern and Western Europe: Past, Present, and Prospects, Working Paper.Search in Google Scholar

Nechio, F. (2011), Monetary Policy When One Size Does Not Fit All, FRBSF Economic Letter 2011–18, June 13, 2011, available at: http://www.frbsf.org/economic-research/files/el2011–18.pdf, accessed: January 3, 2017.Search in Google Scholar

Taylor, J. B. (1993), Discretion versus policy rules in practice, Carnegie-Rochester Conference Series on Public Policy, Vol. 39, pp. 195–214.Search in Google Scholar

Williams, J. C. (2015), Monetary Policy and the Independence Dilemma, Presentation to Chapman University, Orange (CA), available at: http://www.frbsf.org/our-district/files/John-C-Williams-Speech-Chapman-5-1–2015.pdf, accessed: January 3, 2017.Search in Google Scholar

Woodford, M. (2001), The Taylor Rule and Optimal Monetary Policy, American Economic Review Papers and Proceedings, Vol. 91 (2), pp. 232–237.Search in Google Scholar