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Fuentes de variabilidad en las principales economías occidentales

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 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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Article provided by Fundación SEPI in its journal Investigaciones Economicas.

Volume (Year): 27 (2003)
Issue (Month): 3 (September)
Pages: 565-591

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Handle: RePEc:iec:inveco:v:27:y:2003:i:3:p:565-591
Contact details of provider: Postal: Investigaciones Economicas Fundación SEPI Quintana, 2 (planta 3) 28008 Madrid Spain
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