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Synchronisation des chocs d'offre et de demande en Europe : un après euro ou une après crises des subprimes ?

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  • Gilson, Nathalie
  • Labondance, Fabien

Abstract

Supply and demand Shocks Synchronization in Europe. An after euro or an after subprimes crisis ? This paper investigates the synchronization of demand and supply shocks observed in the Eurozone member states and in some neighboring countries. Based on Blanchard and Quah (1989) methodology, this paper shows that shock synchronization in the Eurozone increased just after the subprimes crisis. However, a decrease in this synchronization appeared at the end of the analyzed period. Résumé - Cette étude porte sur la synchronisation des chocs d’offre et de demande observés au sein des États membres de la zone euro et dans certains pays voisins. Basé sur la méthodologie de Blanchard et Quah (1989), cet article montre que la synchronisation des chocs s’est accrue au sein de la zone euro après l’éclatement de la crise des subprimes. Toutefois, une diminution de cette synchronisation apparaît sur la fin de la période analysée.
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Suggested Citation

  • Gilson, Nathalie & Labondance, Fabien, 2013. "Synchronisation des chocs d'offre et de demande en Europe : un après euro ou une après crises des subprimes ?," LIDAM Reprints LFIN 2013002, Université catholique de Louvain, Louvain Finance (LFIN).
    • Handle: RePEc:ajf:louvlr:2013002
    Note: In : L'actualité économique, Vol. 89, no. 3, p. 1-35 (2013)
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