The structural dynamics of output growth and inflation: Some international evidence
成果类型：
Article
署名作者：
Canova, Fabio; Gambetti, Luca; Pappa, Evi
署名单位：
Autonomous University of Barcelona; Pompeu Fabra University; ICREA; Centre de Recerca en Economia Internacional (CREI); Autonomous University of Barcelona; Autonomous University of Barcelona; Autonomous University of Barcelona; Universita di Modena e Reggio Emilia
刊物名称：
ECONOMIC JOURNAL
ISSN/ISSBN：
0013-0133
DOI：
10.1111/j.1468-0297.2007.02040.x
发表日期：
2007
页码：
C167-C191
关键词：
摘要：
We examine the dynamics of output growth and inflation in the US, Euro area and UK using a structural time varying coefficient VAR. There are important similarities in structural inflation dynamics across countries; output growth dynamics differ. Swings in the magnitude of inflation and output growth volatilities and persistences are accounted for by a combination of three structural shocks. Changes over time in the structure of the economy are limited and permanent variations largely absent. Changes in the volatilities of structural shocks matter.
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