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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

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

  • Czech description

Classification

  • Type

    J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

  • CEP classification

    AH - Economics

  • OECD FORD branch

Result continuities

  • Project

  • 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

  • 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

  • EID of the result in the Scopus database