L'effet dynamique des chocs d'offre et de demande agrégés. Une étude sur le cas allemand
AbstractGermany represents a particular case in Europe because of the occurrence of two major structural changes since the end of the Seventies : first the reunification of the Federal Republic of Germany and the German Democratic Republic in 1990; then the implementation of the Euro currency in January 1999. This paper endogenously dates and tests for the presence of one or several structural breaks in the joint dynamic process of GDP and the unemployment rate. Following the methodology initiated by Blanchard and Quah , it identifies the respective contributions of aggregate supply and demand shocks, prior to the estimated break and after it. This empirical study, based on post-1979 data, reveals: a significant break at the end of the year 1997, which corresponds to the implementation of the Stability and Growth Pact. the predominance of the supply component in the fluctuation of output for the period immediately preceding the Euro implementation ; subsequently to the break, this predominance remains verified in the short run for the unemployment rate and in the medium run for output. Classification JEL : C32, C5, E32.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Presses de Sciences-Po in its journal Revue économique.
Volume (Year): 63 (2012)
Issue (Month): 1 ()
Contact details of provider:
Web page: http://www.cairn.info/revue-economique.htm
Find related papers by JEL classification:
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- C5 - Mathematical and Quantitative Methods - - Econometric Modeling
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jean-Baptiste de Vathaire).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.