Titlebook: Economic Growth in Small Open Economies; Lessons from the Vis István Kónya Book 2018 The Editor(s) (if applicable) and The Author(s) 2018 L

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Radiation

Growth and the Financial EnvironmentGDP components are assumed to be driven by structural shocks. Three such shocks receive particular attention: two to the level and growth rate of technology, and the third is to the external interest premium on foreign debt. The chapter uses the estimated model to carry out a historical shock decomp

amygdala

Credit Crisis and Growthial crisis of 2008–2009 on the Visegrad countries. The crisis is interpreted as a sudden stop episode, when external financial conditions suddenly and unexpectedly worsen. The model contains a highly non-linear interest premium function, currency mismatch, and downward nominal wage rigidity (DNWR).

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oblems related to economic developments of the analysed countries. This book combines empirical facts, data analysis and macroeconomic modelling and will appeal to those interested in convergence and growth in general, and analysts and researchers studying the Visegrad countries in particular.978-3-319-88754-8978-3-319-69317-0