IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

L'effet dynamique des chocs d'offre et de demande agrégés. Une étude sur le cas allemand

Listed author(s):
  • Romain Legrand
Registered author(s):

    Germany 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 [1989], 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.

    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:
    Download Restriction: free

    File URL:
    Download Restriction: free

    Article provided by Presses de Sciences-Po in its journal Revue économique.

    Volume (Year): 63 (2012)
    Issue (Month): 1 ()
    Pages: 129-155

    in new window

    Handle: RePEc:cai:recosp:reco_631_0129
    Contact details of provider: Web page:

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

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

    When requesting a correction, please mention this item's handle: RePEc:cai:recosp:reco_631_0129. 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: (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.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.