The structural dynamics of output growth and inflation: some international evidence
Fabio Canova (),
Luca Gambetti () and
Evi Pappa ()
Economics Working Papers from Department of Economics and Business, Universitat Pompeu Fabra
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.
Keywords: Variability; Persistence; Transmission; Structural time varying VARs (search for similar items in EconPapers)
JEL-codes: C11 E12 E32 E62 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba, nep-dev, nep-eec, nep-mac and nep-mon
Date: 2006-04, Revised 2006-08
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11) Track citations by RSS feed
Downloads: (external link)
https://econ-papers.upf.edu/papers/971.pdf Whole Paper (application/pdf)
Journal Article: The Structural Dynamics of Output Growth and Inflation: Some International Evidence (2007)
Working Paper: The Structural Dynamics of Output Growth and Inflation: Some International Evidence (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:upf:upfgen:971
Access Statistics for this paper
More papers in Economics Working Papers from Department of Economics and Business, Universitat Pompeu Fabra
Bibliographic data for series maintained by ().