vector autoregressions

What Caused the Early Millennium Slowdown? Evidence Based on Vector Autoregressions

JEL codes: 
C32, E32
Version Date: 
Sep 2003
Author/s: 
Abstract: 

This Paper uses a simple VAR for the industrialized world (aggregate of 17 countries), the US and the euro area to analyse the underlying shocks of the recent slowdown, i.e. supply, demand, monetary policy and oil price shocks. The results of two identification strategies are compared.

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