Oil-Price Volatility and Macroeconomic Spillovers in Central and Eastern Europe: Evidence from a Multivariate GARCH Model
Recent commodity price declines have added to worldwide macroeconomic risk, which has had serious effects on both commodity exporters and manufacturers that use oil and raw materials. These effects have been keenly felt in Central and Eastern Europe—particularly in Russia, but also in European Union...
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| Format: | Article |
| Language: | English |
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Sciendo
2015-11-01
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| Series: | Zagreb International Review of Economics and Business |
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| Online Access: | https://doi.org/10.1515/zireb-2015-0008 |