An Application of a Structural VAR Technique to Interpret UK Macroeconomic Fluctuations

Domenico Mignacca
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Domenico Mignacca: [n.a.]

No 36, Working Papers from Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali

Abstract: In the last few years new techinques able to help in explaining macroeconomic fluctuations have been developed. Following the article o fBlanchard (1989), concerning US macroeconomic data we will examine the UK economy using a new methodology, the so called "Structural" VAR analysis, developed by Giannini (1992). We will compare the UK economy with the Italian and the US ones and point out both similarities and peculiarities. This "traditional interpretation", applied to the UK economy shows some problems of consistency with "Keynesian" view of economy.

Keywords: FEVD; IRF; SVAR; VMA; cointegration; integration (search for similar items in EconPapers)
Pages: 30
Date: 1993-06
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Persistent link: https://EconPapers.repec.org/RePEc:anc:wpaper:36

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