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http://hdl.handle.net/2445/65029| Title: | A dynamic analysis of asymmetric shocks in EU manufacturing |
| Author: | Ramos Lobo, Raúl Clar López, Miquel Suriñach Caralt, Jordi |
| Keywords: | Indústria manufacturera Manufactures Anàlisi econòmica Integració europea Unions monetàries Política econòmica Manufacturing industries Manufactures Economic analysis European federation Monetary unions Economic policy |
| Issue Date: | Jun-2003 |
| Publisher: | Taylor and Francis |
| Abstract: | Available empirical evidence regarding the degree of symmetry between European economies in the context of Monetary Unification is not conclusive. This paper offers new empirical evidence concerning this issue related to the manufacturing sector. Instead of using a static approach as most empirical studies do, we analyse the dynamic evolution of shock symmetry using a state-space model. The results show a clear reduction of asymmetries in terms of demand shocks between 1975 and 1996, with an increase in terms of supply shocks at the end of the period. |
| Note: | Versió postprint del document publicat a: http://dx.doi.org/10.1080/0003684022000018178 |
| It is part of: | Applied Economics, 2003, vol. 35, num. 8, p. 881-892 |
| URI: | http://hdl.handle.net/2445/65029 |
| Related resource: | http://dx.doi.org/10.1080/0003684022000018178 |
| ISSN: | 0003-6846 |
| Appears in Collections: | Articles publicats en revistes (Econometria, Estadística i Economia Aplicada) |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| 502505.pdf | 177.08 kB | Adobe PDF | View/Open |
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