EconPapers    
Economics at your fingertips  
 

Profit dynamics across the largest euro area countries and sectors

Moreno Roma, Igor Vetlov and Laurent Maurin

No 1410, Working Paper Series from European Central Bank

Abstract: This paper explores the behavior of profits in the four largest euro area countries (Germany, France, Italy and Spain) and the euro area as a whole, while at the same time considering three main sectors (manufacturing, construction and services) in each economy over the period 1988–2010. The paper presents stylized facts about profit developments and, applying a vector autoregressive modeling framework, discusses the sensitivity of profits to four distinctive structural shocks (a demand shock, an employment shock, a wage and price mark-up shocks). In addition, it provides the shock decomposition of historical developments in profits across countries and sectors. JEL Classification: C32, E23, E25

Keywords: historical decomposition; Impulse responses; Profits; sectoral determinants; VARs (search for similar items in EconPapers)
Date: 2011-12
New Economics Papers: this item is included in nep-eec
Note: 337417
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
https://www.ecb.europa.eu//pub/pdf/scpwps/ecbwp1410.pdf (application/pdf)

Related works:
Working Paper: Profit Dynamics across the Largest Euro Area countries and Sectors (2011) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbwps:20111410

Access Statistics for this paper

More papers in Working Paper Series from European Central Bank 60640 Frankfurt am Main, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Official Publications ().

 
Page updated 2020-02-01
Handle: RePEc:ecb:ecbwps:20111410