Structural Changes in Transition Economies: Breaking the News or Breaking the Ice?
dc.contributor.author | Égert, Balázs | |
dc.contributor.author | Jiménez-Rodríguez, Rebeca | |
dc.contributor.author | Kočenda, Evžen | |
dc.contributor.author | Morales-Zumaquero, Amalia | |
dc.date | 2006-06 | |
dc.date.accessioned | 2006-08-17T13:44:28Z | |
dc.date.available | 2006-08-17T13:44:28Z | |
dc.date.issued | 2006-08-17T13:44:28Z | |
dc.identifier.uri | https://hdl.handle.net/2027.42/41234 | |
dc.description.abstract | This paper extends the existing literature in structural breaks in transition economies in Central and Eastern Europe, analyzing structural breaks in the volatility of monthly key macroeconomic variables, such as industrial production, inflation, monetary aggregates, nominal exchange rates and series related to the labor market. Using the Iterated Cumulative Sums of Squares (ICSS) algorithm developed by Inclán and Tiao (1994) and the Bayesian procedure developed by Wang and Zivot (2000), we provide strong evidence in favor of structural breaks in the variance of the series under investigation. The instability found has important implications for macroeconometric modeling. | en |
dc.format.extent | 197509 bytes | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en |
dc.relation.ispartofseries | 16 | en |
dc.subject | transition countries | en |
dc.subject | structural break | en |
dc.subject | volatility | en |
dc.subject.other | C11 | en |
dc.subject.other | E31 | en |
dc.subject.other | E51 | en |
dc.subject.other | F31 | en |
dc.subject.other | J21 | en |
dc.subject.other | J30 | en |
dc.subject.other | P0 | en |
dc.title | Structural Changes in Transition Economies: Breaking the News or Breaking the Ice? | en |
dc.type | Working Paper | en_US |
dc.subject.hlbtoplevel | Social Sciences | |
dc.contributor.affiliationum | International Policy Center (IPC); Gerald R. Ford School of Public Policy | en |
dc.contributor.affiliationother | Oesterreichische Nationalbank, EconomiX at University of Paris X-Nanterre | en |
dc.contributor.affiliationother | University of Salamanca | en |
dc.contributor.affiliationother | CERGE-EI: Charles University and Academy of Sciences, WDI, CEPR. | en |
dc.contributor.affiliationother | University of Malaga and Centro de Estudios Andaluces. | en |
dc.contributor.affiliationumcampus | Ann Arbor | |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/41234/1/IPC-working-paper-016-Kocenda.pdf | en_US |
dc.owningcollname | International Policy Center (IPC) - Working Paper Series |
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