INPROFORUM 2013

Financial World Frictions and the Slovak Economy
Karol Szomolányi, Martin Lukáčik, Adriana Lukáčiková

Language: sk
Last modified: 2013-10-29

Abstract


World financial frictions had no significant impact on the Slovak economic activity in the period 2001 – 2011. Overall Slovak economic activity had no impact on the financial world frictions for the Slovak economy as well. It comes from the vector auto-regression model specification estimate. Production shocks had the essential impact on the Slovak aggregate production.

Keywords


World Financial Frictions, Interest Shocks, Interest Spread

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