The Structural Dynamics of Output Growth and Inflation : Some International Evidence  

Oleh:

Canova, Fabio ; Gambetti, Luca ; Pappa, Evi

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 117 no. 519 (Mar. 2007), page C167-C191.
Topik: structural; structural dynamics; growth; inflation; international evidence
Fulltext: C167.pdf (1.28MB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.25 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

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.

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