The Structural Dynamics of Output Growth and Inflation: Some International Evidence
The Structural Dynamics of Output Growth and Inflation: Some International Evidence
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产出增长和通货膨胀的结构动态：一些国际证据
DOI：
10.1111/j.1468-0297.2007.02040.x
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发表时间：
2006
期刊：
影响因子：
--
通讯作者：
Evi Pappa
中科院分区：
文献类型：
--
作者：
F. Canova;Luca Gambetti;Evi Pappa
本文利用结构性时变系数VAR检验了美国、欧元区和英国的产出增长和通货膨胀的动态变化。各国的结构性通货膨胀动态有重要的相似之处;产出增长动态各不相同。通货膨胀和产出增长幅度的波动、波动性和持续性是由三种结构性冲击共同造成的。随着时间的推移，经济结构的变化是有限的，基本上不存在永久性的变化。结构性冲击波动率的变化很重要。
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.