To access the full text documents, please follow this link: http://hdl.handle.net/10230/846

Title:	The structural dynamics of output growth and inflation: some international evidence; 117(519), 2007, C167-C191
Author:	Canova, Fabio; Gambetti, Luca; Pappa, Evi
Other authors:	Universitat Pompeu Fabra. Departament d'Economia i Empresa
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.
Subject(s):	-variability -persistence -transmission -structural time varying vars -Macroeconomics and International Economics
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 http://creativecommons.org/licenses/by-nc-nd/3.0/es/
Document type:	Working Paper
Share:

Show full item record