Commodity price volatility, output growth and exchange rate dynamics in the central and eastern european countries
Authors:
- Agnieszka Żyra,
- Solomiya Shevchuk
Abstract
This paper investigates the commodity price effects upon GDP growth and nominal effective exchange rate (NEER) dynamics in several Central and Eastern European (CEE) countries (the Czech Republic, Hungary, Poland and Romania). Our main finding is that an increase in the world commodity price index is a factor behind a uniform exchange rate appreciation across all countries, with an acceleration in output growth in the Czech Republic and Hungary. Except for the Czech Republic, higher commodity price volatility is associated with exchange rate depreciation, while being neutral with respect to output growth. Among some other results, exchange rate dynamics seems to be independent of output growth in three out of four countries, while the effects of a foreign demand shock as proxied by Germany's industrial production are quite homogeneous across nations(original abstract)
- Record ID
- CUTe53e857fe1274e62a0cc1f8efc7e2485
- Publication categories
- ;
- Author
- Other language title versions
- Niestabilność cen surowców, wzrost gospodarczy oraz kurs walutowy w gospodarkach Europy środkowej i wschodniej
- Journal series
- Prace Naukowe Uniwersytetu Ekonomicznego We Wrocławiu, ISSN 1899-3192, e-ISSN 2392-0041, [0324-8445]
- Issue year
- 2018
- No
- 509
- Pages
- 509-520
- Other elements of collation
- tab.; wykr.; Bibliografia (na s.) - 519-520; Oznaczenie streszczenia - Summ., Streszcz.; Numeracja w czasopiśmie - Nr 509
- Keywords in English
- raw materials prices, economic growth, exchange rates
- DOI
- DOI:10.15611/pn.2018.509.43 Opening in a new tab
- URL
- https://www.dbc.wroc.pl/publication/71173 Opening in a new tab
- Language
- eng (en) English
- License
- Score (nominal)
- 10
- Uniform Resource Identifier
- https://cris.pk.edu.pl/info/article/CUTe53e857fe1274e62a0cc1f8efc7e2485/
- URN
urn:pkr-prod:CUTe53e857fe1274e62a0cc1f8efc7e2485
* presented citation count is obtained through Internet information analysis, and it is close to the number calculated by the Publish or PerishOpening in a new tab system.