Measuring Nominal and Real Convergence of Selected CEE Countries by the Taylor Rule-Reference-Cited by-同舟云学术

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

Published:2016-12-01 Issue:1 Volume:52 Page:9-22
ISSN:2299-9701
Container-title:International Journal of Management and Economics
language:en
Short-container-title:

Author:

Böing Tobias¹,Stadtmann Georg²,Sydykova Meerim¹

Affiliation:

1. Department of Economics, Europa-Universität Viadrina, Germany

2. Department of Business and Economics, University of Southern Denmark, Denmark ; Department of Economics, Europa-Universität Viadrina, Germany

Abstract

Abstract We propose using a simple Taylor rule to evaluate business cycle convergence of the Czech Republic, Hungary, and Poland with the Eurozone. Our findings indicate an ongoing convergence of those CEE countries to the Eurozone, but with instabilities and heterogeneity between the countries. Especially Poland has shown a high degree of convergence in recent years. But there are still relevant differences in Taylor rates of each country to the Eurozone of about two percentage points.

Publisher

Walter de Gruyter GmbH

Reference16 articles.

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