Foresti, Pasquale; Marani, Ugo; Piroli, Giuseppe - Economics and Econometrics Research Institute (EERI) - 2013
In this paper, we employ a block structured near-vector autoregression in order to compare the reactions to euro-area shocks in four New Member States (Bulgaria, Hungary, Czech Republic and Romania) and in the Old Member State of the EU. Thanks to the methodology adopted we also study the...
