Table 6 Correlation of shocks after the global financial crisis

External supply shocks

 Czech

1

 Hungary

0.2591

1

 Poland

0.6949^a

0.3326

1

 Slovakia

0.5624^a

0.3766^a

0.5209^a

1

Domestic supply shocks

 Czech

1

 Hungary

0.3730^a

1

 Poland

0.4580^a

0.5061^a

1

 Slovakia

0.3333

0.3918^a

0.4158^a

1

Demand shocks

 Czech

1

 Hungary

0.2349

1

 Poland

0.4972^a

0.4514^a

1

 Slovakia

 − 0.1362

0.0324

 − 0.3521

1

Monetary shocks

 Czech

1

 Hungary

 − 0.0622

1

 Poland

0.1071

0.1884

1

 Slovakia

0.0742

 − 0.0374

 − 0.0191

1