Access the full text.
Sign up today, get DeepDyve free for 14 days.
References for this paper are not available at this time. We will be adding them shortly, thank you for your patience.
REFERENCESAbraham, K. G. and Haltiwanger, J. C. 1995. Real wages and the business cycle. Journal of Economic Literature 33(3): 1215-1264.Audzei, V. and Brázdik, F. 2015. Exchange rate dynamics and its effect on macroeconomic volatility. The Working Paper Series No. 7 of the Czech National Bank (CNB).Bahmani-Oskooee, M. and Kutan, A. M. 2008. Are devaluations contractionary in emerging economies of Eastern Europe?. Economic Change and Restructuring 41(1): 61-74.Barro, R. J. 1974. Are government bonds net wealth?. Journal of Political Economy 82(6): 1095-1117.10.1086/260266Barro, R. J. 1989. The Ricardian approach to budget deficits. Journal of Economic Perspectives 3(2): 37-54.10.1257/jep.3.2.37Bökemeier, B. and Stoian, A. M. 2016. Debt sustainability issues in the Central and Eastern European Countries. Bielefeld Working Papers in Economics and Management No. 07-2016, Bielefeld University, Germany.Castle, J. L. and Hendry, D. F. 2014. The real wage–productivity nexus. VOX CPER’s Policy Portal, January 13.Cebula, R. J. 1997. An empirical note on the impact of the federal budget deficit on ex ante real long term interest rates, 1973-1995. Southern Economic Journal 63(4): 1094-1099.10.2307/1061244Cebula, R. J. 2014a. Impact of federal government budget deficits on the longer-term real interest rate in the US: Evidence using annual and quarterly data, 1960-2013. Applied Economics Quarterly 60(1): 23-40.10.3790/aeq.60.1.23Cebula, R. J. 2014b. An empirical investigation into the impact of US federal government budget deficits on the real interest rate yield on intermediate-term treasury issues. 1972–2012. Applied Economics 46(28): 3483-3493.10.1080/00036846.2014.932050http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000340250400008&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=b7bc2757938ac7a7a821505f8243d9f3Cebula, R. J. and Cuellar, P. 2010. Recent evidence on the impact of government budget deficits on the ex ante real interest rate yield on Moody’s Baa-rated corporate bonds. Journal of Economics and Finance 34(3): 301-307.10.1007/s12197-008-9074-yCebula, R. J., Angjellari-Dajci, F. and Foley, M. 2014. An exploratory empirical inquiry into the impact of federal budget deficits on the ex post real interest rate yield on ten year treasury notes over the last half century. Journal of Economics and Finance 38(4): 712-720.10.1007/s12197-014-9280-8Combes, J. L., Minea, A., Mustea, L. and Yogo, T. 2016. Output effects of fiscal stimulus in Central and Eastern European countries. Post-Communist Economies 28(1): 108-127.10.1080/14631377.2015.1124559Darrat, A. F. 1989. Fiscal deficits and long-term interest rates: Further evidence from annual data. Southern Economic Journal 56(2): 363-373.10.2307/1059215Darrat, A. F. 1990. Structural federal deficits and interest rates: some causality and cointegration tests. Southern Economic Journal 56(3): 752-759.10.2307/1059375Elliott, G., Rothenberg, T. J. and Stock, J. H. 1996. Efficient tests for an autoregressive unit root. Econometrica, 64(4): 813-836.10.2307/2171846Feldstein, M. 1982. Government deficits and aggregate demand. Journal of Monetary Economics 9(1): 1-20.10.1016/0304-3932(82)90047-2Findlay, D. W. 1990. Budget deficits, expected inflation and short-term real interest rates: Evidence for the US. International Economic Journal 4(3): 41-53.Globan, T. and Matošec, M. 2016. Public debt-to-GDP ratio in new EU member states: Cut the numerator or increase the denominator?. Journal for Economic Forecasting (3): 57-72.Gyódi, K. 2016. Determinants of government bond yields and contagion during the crises in the CEE countries.Hamilton, J. D. 1996. This is what happened to the oil price–macroeconomy relationship. Journal of Monetary Economics 38(2): 215–220.10.1016/S0304-3932(96)01282-2Hoelscher, G. 1986. New evidence on deficits and interest rates. Journal of Money, Credit and Banking 18(1): 1-17.10.2307/1992316Hsing, Y. 2009. Test of the J-curve for six selected new EU countries. International Journal of Economic Policy in Emerging Economies 2(1): 76-85.Hubbard, R. G., O’Brien, A. P. and Rafferty, M. P. 2014. Macroeconomics. NY, New York: Pearson.International Monetary Fund 2016. Republic of Slovenia: 2016 Article IV consultation-press release and staff report for the Republic of Slovenia. Country Report No. 16/121, May 16.Josheski, D. and Eftimoski, D. 2016. Application of IS-MP-IA model and Taylor rule to CESEE economies. Economics and Culture 13(1): 5-13.Karadam, D. Y. and Özmen, E. 2016. Real exchange rates and growth (No. 1609). ERC-Economic Research Center, Middle East Technical University.Kilian, L. 2008a. The economic effects of energy price shocks. Journal of Economic Literature 46(4): 871–909.10.1257/jel.46.4.871http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000262051200001&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=b7bc2757938ac7a7a821505f8243d9f3Kilian, L. 2008b. Not all oil price shocks are alike: Disentangling demand and supply shocks in the crude oil market. CEPR Discussion Paper No. 5994.Kramolišová, V. and Spáčilová, L. 2015. Public debt and economic growth in European Union countries.Kurečić, P. and Kokotović, F. 2016, January. The EU 2020: Understanding the necessity of maintaining a sustainable fiscal policy. Political Science Forum 5(1): 14-46.McMillin, W. D. 1986. Federal deficits and short-term interest rates. Journal of Macroeconomics 8(4): 403-422.10.1016/0164-0704(86)90087-XMishkin, F. S. 2012. Macroeconomics: Policy and Practice. Boston, MA: Addison-WesleyMills, T. C. and Pentecost, E. J. 2001. The real exchange rate and the output response in four EU accession countries. Emerging Markets Review 2(4): 418-430.Mitchell, A. and Pentecost, E. J. 2001. The real exchange rate and the output response in four transition economies: A panel data study. In Exchange Rate Policies, Prices and Supply-Side Response, pp. 68-77. Palgrave Macmillan, UK.Miteza, I. 2006. Devaluation and output in five transition economies: A panel cointegration approach of Poland, Hungary, Czech Republic, Slovakia and Romania, 1993-2000. Applied Econometrics and International Development 6(1): 77-86.Narayan, P. K. and Smyth, R. 2009. The effect of inflation and real wages on productivity: New evidence from a panel of G7 countries. Applied Economics 41(10): 1285-1291.http://gateway.webofknowledge.com/gateway/Gateway.cgi?GWVersion=2&SrcApp=PARTNER_APP&SrcAuth=LinksAMR&KeyUT=WOS:000265286300010&DestLinkType=FullRecord&DestApp=ALL_WOS&UsrCustomerID=b7bc2757938ac7a7a821505f8243d9f310.1080/00036840701537810Ostrosky, A. L. 1990. Federal government budget deficits and interest rates: Comment. Southern Economic Journal 56(3): 802-803.10.2307/1059381Papaioannou, S. 2016. Public spending, monetary policy and growth: Evidence from EU countries.Romer, D. 2000. Keynesian macroeconomics without the LM curve. The Journal of Economic Perspectives 14(2): 149-169.10.1257/jep.14.2.149Spencer, D. 2015. Higher real wages would raise productivity and boost demand. The London School of Economics and Political Science. http://blogs.lse.ac.uk/politicsandpolicy/higher-real-wages-for-workers-in-britain-would-raise-productivity-and-boost-demand/.Stavárek, D. and Miglietti, C. 2015. Effective exchange rates in central and Eastern European Countries: Cyclicality and relationship with macroeconomic fundamentals. Review of Economic Perspectives 15(2): 157-177.10.1515/revecp-2015-0015
South East European Journal of Economics and Business – de Gruyter
Published: Apr 1, 2017
You can share this free article with as many people as you like with the url below! We hope you enjoy this feature!
Read and print from thousands of top scholarly journals.
Already have an account? Log in
Bookmark this article. You can see your Bookmarks on your DeepDyve Library.
To save an article, log in first, or sign up for a DeepDyve account if you don’t already have one.
Copy and paste the desired citation format or use the link below to download a file formatted for EndNote
Access the full text.
Sign up today, get DeepDyve free for 14 days.
All DeepDyve websites use cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.