Advanced Search
MyIDEAS: Login to save this article or follow this journal

External Shocks and Sources of Macroeconomic Fluctuation: A SVEC Model based proposal for Argentina’s Economy

Contents:

Author Info

  • Luis N. Lanteri

    ()
    (Economista senior, Banco Central de la República Argentina (BCRA). Buenos Aires, Argentina.)

Abstract

One of the issues of macroeconomic analysis in recent years has been trying to empirically identify the factors causing fluctuations in economic aggregates. This work investigates the sources of macroeconomic fluctuations using a structural VEC approach and quarterly data for Argentina’s economy, covering the period 1980:1-2009:1. To this effect, the paper imposes short and long run restrictions to the SVEC model, and identifies four structural shocks: term of trade, aggregate supply, aggregate demand and nominal prices. The results show that terms of trade shocks have a positive effect on real GDP, and that the main sources of output fluctuations are aggregate supply shocks. Further, external price shocks and aggregate demand shocks would be, in principle, the most important ones to explain real exchange rate fluctuations.

Download Info

If 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.
File URL: http://www.economiamexicana.cide.edu/num_anteriores/XX-1/04.EM.Choque(113-144).pdf
Download Restriction: no

Bibliographic Info

Article provided by in its journal Economia Mexicana NUEVA EPOCA.

Volume (Year): XX (2011)
Issue (Month): 1 (January-June)
Pages: 113-144

as in new window
Handle: RePEc:emc:ecomex:v:20:y:2011:i:1:p:113-144

Contact details of provider:

Related research

Keywords: domestic and external shocks; macroeconomic fluctuations; SVEC models.;

Find related papers by JEL classification:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:emc:ecomex:v:20:y:2011:i:1:p:113-144. See general 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: (Ricardo Tiscareño).

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.