Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/175242 
Year of Publication: 
2018
Publisher: 
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft, Kiel und Hamburg
Abstract: 
Applying the Bayesian approach, a small open economy DSGE model was estimated using a sample of quarterly data for a macro-region formed by six Central Europe and Baltic economies: Czech Republic, Estonia, Hungary, Lithuania, Poland, and Slovakia. Estimates have been employed to investigate the effects of a financial crisis, exploring the role played by country differences in the relative performances. We also use our Bayesian estimations to compute two measures of resilience in the considered region.
Subjects: 
resilience
Bayesian estimations
financial crisis
macroeconomic performance
emerging markets
JEL: 
E02
E32
E58
Document Type: 
Preprint

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