Theoretical and Applied Economics
No. 2 / 2022 (631), Summer
The importance of demand, uncertainty and monetary policy shocks from the euro area for the Romanian economy
Bucharest University of Economic Studies, Romania
Abstract. This paper is evaluating the impact of external shocks that are affecting the Romanian economy by employing a Bayesian approach. By employing three Bayesian VAR models this paper provides an answer on the importance of external shocks using the impulse response functions, variance and historical decompositions. The relevance of the study is a major one as it quantifies the intensity of external shocks coming from the euro area that have the potential to affect the Romanian economy in terms of external demand, uncertainty and monetary policy, aspects which are of high interest especially in the new economic context of the COVID-19 health crisis.
Keywords: external demand, uncertainty, monetary policy, Bayesian VAR, variance, impulse response.
Contents
- International banking, crises and strategic interests
Dan Costin NIȚESCU
Cristian ANGHEL
- The importance of demand, uncertainty and monetary policy shocks from the euro area for the Romanian economy
George ANTON
- Fiscal consolidation and public debt
in the European Union: Reevaluating the relationship
Lara Greta MERLING
Alexandru VLADOI
- Measuring the impact of philanthropy on small businesses:
A case study of small business in Israel
Ani MATEI
Menachem ZILBERKLANG
- Poverty in Romania: an analysis at regional level
Maria-Daniela TUDORACHE
- The past, the present and the prospective future
of efficient market hypothesis: a theoretical and empirical
investigation of international stock markets
Laurel PASRICHA
Neelam DHANDA
- Casual nexus between economic growth,
FDI and employment: An inquiry into BRICS and ASEAN
Mohd IRSHAD
Syed Hasan QAYED
- A comparative analysis of export-led
and domestic demand-led growth hypotheses
in BRICS economies
Neha JAIN
- Reinsurance – an efficient solution
of catastrophe risk transfer
for the housing stock of Romania
Nicoleta RADU
- Normative analysis of the impact of Covid-19
on prominent sectors of Indian economy
by using ARCH Model
G.K. CHETAN KUMAR
K.B. RANGAPPA
S. SUCHITRA