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Fuentes de variabilidad en las principales economías occidentales

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En este trabajo se analiza la importancia relativa de los shocks de demanda y de oferta en los países del G7 más España y Suiza, mediante la técnica de los modelos VAR estructurales. Al encontrarse una relación de cointegración entre PIB e in.ación, se estima un modelo VECM para cada país, reduciéndose de esta forma el número de restricciones necesarias para identi.car las perturbaciones. Los resultados obtenidos señalan un importante papel de los shocks de oferta en la variabilidad del PIB, incluso en el corto plazo. Al ampliar el sistema con una magnitud monetaria los resultados son fundamentalmente similares. (Copyright: Fundación SEPI)

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  • Pedro José Pérez Vázquez, 2003. "Fuentes de variabilidad en las principales economías occidentales," Investigaciones Economicas, Fundación SEPI, vol. 27(3), pages 565-591, September.
    • Handle: RePEc:iec:inveco:v:27:y:2003:i:3:p:565-591
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    More about this item

    Keywords

    VECM; perturbaciones de demanda versus perturbaciones de oferta.;

    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; State Space Models
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)

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