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Title: A dynamic analysis of asymmetric shocks in EU manufacturing
Author: Ramos Lobo, Raúl
Clar López, Miquel
Suriñach Caralt, Jordi
Keywords: Indústria manufacturera
Anàlisi econòmica
Integració europea
Unions monetàries
Política econòmica
Manufacturing industries
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:
It is part of: Applied Economics, 2003, vol. 35, num. 8, p. 881-892
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ISSN: 0003-6846
Appears in Collections:Articles publicats en revistes (Econometria, Estadística i Economia Aplicada)

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