Measuring Nominal and Real Convergence of Selected CEE Countries by the Taylor Rule
Journal Title: International Journal of Management and Economics - Year 2016, Vol 0, Issue 52
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.
Authors and Affiliations
Tobias Böing, Georg Stadtmann, Meerim Sydykova
Keywords
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- EP ID EP182273
- DOI 10.1515/ijme-2016-0024
- Views 76
- Downloads 0
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