| bibtype |
J -
Journal Article
|
| ARLID |
0466511 |
| utime |
20240103213054.5 |
| mtime |
20161206235959.9 |
| SCOPUS |
85020399292 |
| WOS |
000403383400001 |
| DOI |
10.18267/j.pep.608 |
| title
(primary) (eng) |
Financial Stress in the Czech Republic: Measurement and Effects on the Real Economy |
| specification |
| page_count |
12 s. |
| media_type |
P |
|
| serial |
| ARLID |
cav_un_epca*0290424 |
| ISSN |
1210-0455 |
| title
|
Prague Economic Papers |
| volume_id |
2017 |
| volume |
3 (2017) |
| page_num |
257-268 |
| publisher |
| name |
Vysoká škola ekonomická v Praze |
|
|
| keyword |
financial stress indicator |
| keyword |
vector autoregression |
| keyword |
Czech Republic |
| author
(primary) |
| ARLID |
cav_un_auth*0274257 |
| full_dept (cz) |
Ekonometrie |
| full_dept (eng) |
Department of Econometrics |
| department (cz) |
E |
| department (eng) |
E |
| full_dept |
Department of Econometrics |
| share |
70 |
| name1 |
Horváth |
| name2 |
Roman |
| institution |
UTIA-B |
| garant |
K |
| fullinstit |
Ústav teorie informace a automatizace AV ČR, v. v. i. |
|
| author
|
| ARLID |
cav_un_auth*0345304 |
| share |
30 |
| name1 |
Malega |
| name2 |
J. |
| country |
CZ |
|
| source |
|
| cas_special |
| project |
| ARLID |
cav_un_auth*0321097 |
| project_id |
GA15-10331S |
| agency |
GA ČR |
|
| abstract
(eng) |
We estimate a financial stress index for the Czech Republic and examine its development during\nthe 2002–2014 period. We find a marked increase in financial stress at the beginning of the global\nfinancial crisis with a decrease to nearly pre-crisis levels by the end of our study period. Next,\nwe estimate vector autoregression models of the Czech economy and find that financial stress\nhas systematic effects on output, prices and interest rates, with the maximum response occurring\napproximately one and a half years after the shock. Specifically, an increase in financial stress\nis associated with higher unemployment, lower prices and lower interest rates, indicating its\ndetrimental effects on the real economy. |
| RIV |
AH |
| FORD0 |
50000 |
| FORD1 |
50200 |
| FORD2 |
50206 |
| reportyear |
2018 |
| num_of_auth |
2 |
| inst_support |
RVO:67985556 |
| permalink |
http://hdl.handle.net/11104/0270592 |
| confidential |
S |
| mrcbC86 |
2 Article Economics |
| mrcbC86 |
2 Article Economics |
| mrcbC86 |
2 Article Economics |
| mrcbT16-e |
ECONOMICS |
| mrcbT16-j |
0.086 |
| mrcbT16-s |
0.277 |
| mrcbT16-B |
3.845 |
| mrcbT16-D |
Q4 |
| mrcbT16-E |
Q3 |
| arlyear |
2017 |
| mrcbU14 |
85020399292 SCOPUS |
| mrcbU24 |
PUBMED |
| mrcbU34 |
000403383400001 WOS |
| mrcbU63 |
cav_un_epca*0290424 Prague Economic Papers 1210-0455 2336-730X Roč. 2017 č. 3 2017 257 268 Vysoká škola ekonomická v Praze |
|