Domestic versus foreign factors behind the fall in euro area industrial production

Roberto De Santis () and Srečko Zimic

Economic Bulletin Boxes, 2019, vol. 6

Abstract: Using a structural vector autoregression (SVAR) model, the box suggests that the fall in industrial production growth in the euro area in the past year has been driven by both the intensification of global trade tensions and adverse domestic shocks. Whereas in the first half of 2018 weakness in international trade in an environment of global uncertainties was the main contributor to the fall in industrial production, since July 2018 euro area-specific developments have also played a major role. JEL Classification: E32, F44, C50

Keywords: Economic activity; Foreign spillovers; Industrial production (search for similar items in EconPapers)
Date: 2019-09
Note: 185689
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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbbox:2019:0006:3

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