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• W2037444312 abstract "In this paper we involved a study of structural convergence between Romanian and Euro Zone econ- omies from the view point of synchronization in responses to shocks. For this purpose we called a Bayesian framework in which we estimated a time-varying parameters VAR model. For the identifi- cation of structural shocks we started from semi-structural VAR in which we incorporated the stan- dard predictions of DSGE literature for a New-Keynesian model. For several purposes mentioned in the paper, we used two versions of data, replacing GDP and GDP deflator from a standard approach with consumption and its deflator. In this paper we were mainly interested for the response of inter- est variables to a monetary shock for policy purposes and in a second timeframe for the responses to other types of shocks." @default.
• W2037444312 created "2016-06-24" @default.
• W2037444312 creator A5049380482 @default.
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• W2037444312 date "2013-09-26" @default.
• W2037444312 modified "2023-10-01" @default.
• W2037444312 title "Assessing Structural Convergence between Romanian Economy and Euro Area: A Bayesian Approach" @default.
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• W2037444312 doi "https://doi.org/10.6007/ijarafms/v3-i3/247" @default.
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