01798cas a2200253 a 4500 AALejournalIMF002219 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451875270 1018-5941 BD-DhAAL BD-DhAAL Frenkel, Michael. How Symmetric Are the Shocks and the Shock Adjustment Dynamics Between the Euro Area and Central and Eastern European Countries? / Michael Frenkel, Christiane Nickel. Washington, D.C. : International Monetary Fund, 2002. 1 online resource (27 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students In this paper, we use a structural vector autoregression model to identify and compare demand and supply shocks between euro area countries and central and eastern European countries (CEECs). The shocks and the shock adjustment dynamics of these countries are also compared to EU countries that currently do not participate in the EMU. Focusing on the period 1993-2001, we find that there are still differences in the shocks and in the adjustment process to shocks between the euro area and the CEECs. However, several individual CEECs exhibit shocks and shock adjustment processes that are fairly similar to some euro area countries. Mode of access: Internet Nickel, Christiane. IMF Working Papers; Working Paper ; No. 2002/222 Full text available on IMF http://elibrary.imf.org/view/journals/001/2002/222/001.2002.issue-222-en.xml IMF e-Library