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Chocs temporaires et permanents dans le PIB de la France, du Royaume-Uni et des États-Unis

  • Olivier Darné
  • Claude Diebolt

In this paper, infrequent large temporary and permanent shocks that have affected the quarterly GDP series for France, the United Kingdom and the United States are analyzed in the post World War II period using the outlier method. Strong proof of permanent and/or transitory shocks are found, resulting from (national and international) economic, political and monetary events. We show that the persistence in GDP for France and the United States is associated to infrequent large shocks as well as permanent shocks that are assumed to be randomly generated every observation period as in the case of a random walk.

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Article provided by Dalloz in its journal Revue d'économie politique.

Volume (Year): 116 (2006)
Issue (Month): 1 ()
Pages: 65-78

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Handle: RePEc:cai:repdal:redp_161_0065
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