The structural dynamics of output growth and inflation: some international evidence
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- dc.contributor.author Canova, Fabioca
- dc.contributor.author Gambetti, Lucaca
- dc.contributor.author Pappa, Evica
- dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
- dc.date.accessioned 2017-07-26T12:07:57Z
- dc.date.available 2017-07-26T12:07:57Z
- dc.date.issued 2006-04-01
- dc.date.modified 2017-07-23T02:10:37Z
- dc.description.abstract We examine the dynamics of output growth and inflation in the US, Euro area and UK using a structural time varying coefficient VAR. There are important similarities in structural inflation dynamics across countries; output growth dynamics differ. Swings in the magnitude of inflation and output growth volatilities and persistences are accounted for by a combination of three structural shocks. Changes over time in the structure of the economy are limited and permanent variations largely absent. Changes in the volatilities of structural shocks matter.
- dc.format.mimetype application/pdfca
- dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=971
- dc.identifier.citation The Economic Journal
- dc.identifier.uri http://hdl.handle.net/10230/846
- dc.language.iso eng
- dc.relation.ispartofseries Economics and Business Working Papers Series; 971
- dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
- dc.rights.accessRights info:eu-repo/semantics/openAccess
- dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
- dc.subject.keyword variability
- dc.subject.keyword persistence
- dc.subject.keyword transmission
- dc.subject.keyword structural time varying vars
- dc.subject.keyword Macroeconomics and International Economics
- dc.title The structural dynamics of output growth and inflation: some international evidenceca
- dc.title.alternative 117(519), 2007, C167-C191
- dc.type info:eu-repo/semantics/workingPaper