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Structural Differences and Asymmetric Shocks between the Czech Economy and the Euro Area 12

100%
Slanicay M.
Review of Economic Perspectives
|
2011
|
vol. 11
|
issue 3
168-192
EN
The goal of this paper is to determine whether there exist asymmetric shocks and structural differences between the Czech economy and the Euro Area 12. A New Keynesian DSGE model of a small open economy is used for this purpose. Asymmetric shocks and structural differences are examined in two ways. At first, I examine asymmetry of shocks and sources of structural differences, using model comparison based on the Bayes factor. I do not find substantial evidence in favor of heterogeneity in household preferences. I find slight differences in price and wage formation and substantial difference in interest rate smoothing. However, the main differences are in timing, persistence and volatility of structural shocks. I also investigate impact of structural differences and differences in persistence and volatility of structural shocks on the behavior of both economies, using analysis of impulse-response functions. I find no substantial differences in responses of the main variables to preference shocks. On the other hand, I find much larger volatility and persistence of domestic technology shocks. This contributes to the fact that responses of domestic variables to technology shocks are much larger, and display more gradual and hump-shaped pattern than responses of foreign variables. I also find that responses of foreign variables to labour supply shocks are much more gradual and sluggish than responses of domestic variables. As regards monetary shocks, I find that there is almost no response of foreign inflation to foreign monetary shock while response of domestic inflation to domestic monetary shock displays substantial decline followed by gradual recovery. Responses of foreign variables to cost-push shocks are larger and more volatile than responses of domestic variables.
2
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Od čudesnoga do fantastičnoga: dimenzije svjetova Ivane Brlić-Mažuranić i Nade Iveljić

59%
Giacometti K.
Libri & Liberi
|
2013
|
vol. Vol 2
|
issue No. 1
51-64
HR
Služeći se inspirativnim polemikama o povezanosti bajke s bitno mlađim oblikom (fantastikom), uspoređuju se i analiziraju Priče iz davnine Ivane Brlić-Mažuranić, koje se svrstavaju u umjetničke bajke, i moderne bajke ili fantastične priče Nade Iveljić iz zbirke Šestinski kišobran. Tipologija i karakter fikcionalnih svjetova dviju zbirki određuju se na temelju epistemoloških, ontoloških i strukturnih razlika između bajke i fantastike, dviju vrsta pripovijedi koje se u književnoznanstvenoj literaturi obično uspoređuju, a katkada i poistovjećuju. U osloncu na dosadašnje teorijske spoznaje, provodi se književnoteorijska analiza te se pokazuje da se svjetovi iz zbirke Šestinski kišobran u ontološkim, epistemološkim i strukturnim dimenzijama udaljavaju od bajke kakvu piše Ivana Brlić-Mažuranić i evoluiraju u fantastičnu priču.
EN
By using inspirational polemics on the relationship, and the connection, between the fairy tale and the younger form of fantasy, the author compares and analyzes two fairy tale collections: Priče iz davnine (Croatian Tales of Long Ago) by Ivana Brlić-Mažuranić and Šestinski kišobran [Šestine Umbrella] by Nada Iveljić. While Croatian Tales of Long Ago is considered to be a literary fairy tale collection, Šestine Umbrella is a collection of modern fairy tales/fantasy stories. The author specifies the typology of fictional worlds in the two works through the epistemological, ontological, and structural differences between fairy tales and fantasy literature, two genres often compared and sometimes even identified as one in critical works. Based on previous theoretical insights, literary analysis is performed to show that the fictional worlds in Šestine Umbrella digress from the worlds of Ivana BrlićMažuranić’s fairy tale through epistemological, ontological and structural differences, and thereby evolve into fantasy.
DE
Anknüpfend an die Diskussionen über die Zusammenhänge zwischen Märchen und der jüngeren Erzählform der Phantastik, werden im Beitrag einzelne Texte aus der Sammlung Priče iz davnine (Geschichten aus Urväterzeiten) von Ivana Brlić-Mažuranić, die man üblicherweise zu den Kunstmärchen zuordnet, mit den modernen Märchen bzw. phantastischen Erzählungen von Nada Iveljić aus ihrer Sammlung Šestinski kišobran [Šestiner Regenschirm] verglichen. Die Typologie und der Charakter der fiktionalen Welten aus diesen zwei Sammlungen werden anhand der epistemologischen, ontologischen und strukturellen Unterschiede zwischen Märchen und Phantastik bestimmt, jenen zwei Erzählformen, die in der Literaturwissenschaft zumeist verglichen, manchmal jedoch auch gleichgestellt werden. Die im Beitrag vorgenommene literaturtheoretische Analyse basiert auf den bisherigen theoretischen Forschungsergebnissen und zeigt auf, dass sich die in der Sammlung Šestinski kišobran enthaltenen Welten in ihrer ontologischen, epistemologischen und strukturellen Dimension von den Märchen entfernen und zu phantastischen Geschichten werden.
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