Macroeconomic effects of reallocation shocks: a generalised impulse response function analysis for three european countries.

Panagiotidisa, Theodore ; Pellonib, Gianluigi ; Polasekc, Wolfgang (2003) Macroeconomic effects of reallocation shocks: a generalised impulse response function analysis for three european countries. p. 30. DOI 10.6092/unibo/amsacta/1543.
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Abstract

We develop a generalised impulse response function (GIRF) approach to explore the different impacts of aggregate and sectoral shocks within a VAR-GARCH-M model. Using the output of our GIRF analysis, we explore the behaviour of three European countries (Germany, Spain and the UK). We analyse the aggregate and sectoral responses to discriminate among three different hypotheses of business cycle fluctuations. Links are established and explanations are provided within the still experimental character of our exercise.

Abstract
Tipologia del documento
Monografia (Working paper)
Autori
AutoreAffiliazioneORCID
Panagiotidisa, Theodore
Pellonib, Gianluigi
Polasekc, Wolfgang
Parole chiave
sectoral shifts, employment fluctuations, generalised impulse response function, VAR-GARCH models
Settori scientifico-disciplinari
DOI
Data di deposito
15 Feb 2006
Ultima modifica
17 Feb 2016 14:32
URI

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