The Role of Foreign Sentiment in Small Open Economy
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F15%3A86094301" target="_blank" >RIV/61989100:27510/15:86094301 - isvavai.cz</a>
Result on the web
<a href="http://www.iises.net/international-journal-of-economic-sciences/publication-5" target="_blank" >http://www.iises.net/international-journal-of-economic-sciences/publication-5</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
The Role of Foreign Sentiment in Small Open Economy
Original language description
The role of foreign sentiment is researched for explaining macroeconomic fluctuations in small open economy. The main goal is to find out whether the domestic variables react to the shocks in the foreign sentiment. Structural vector autoregression modelsare constructed for the Czech Republic and the Slovak Republic including relations between foreign environment and domestic variables. The foreign environment is represented by economic sentiment indicator of euro area as sentiment indicators are available very early. The impact of foreign shocks on domestic variables is examined by impulse response functions. The analysis confirmed that increasing foreign sentiment causes increase in Czech and Slovak GDP and nominal effective exchange rate, the influence on prices is mostly negligible.
Czech name
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Czech description
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Classification
Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
International Journal of Economic Sciences
ISSN
1804-9796
e-ISSN
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Volume of the periodical
4
Issue of the periodical within the volume
2
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
12
Pages from-to
57-68
UT code for WoS article
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EID of the result in the Scopus database
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