The analysis of supply and demand shocks adjustment dynamics of the EU-15 countries

ČERNÍKOVÁ, Petra. The analysis of supply and demand shocks adjustment dynamics of the EU-15 countries. Ekonomická revue. Ostrava: VŠB-Technická univerzita, 2010, roč. 13, č. 4, s. 219-231, 12 s. ISSN 1212-3951.

Základní údaje

• Originální název: The analysis of supply and demand shocks adjustment dynamics of the EU-15 countries
• Název česky: The analysis of supply and demand shocks adjustment dynamics of the EU-15 countries
• Název anglicky: The analysis of supply and demand shocks adjustment dynamics of the EU-15 countries
• Autoři: ČERNÍKOVÁ, Petra (203 Česká republika, garant, domácí).
• Vydání: Ekonomická revue, Ostrava, VŠB-Technická univerzita, 2010, 1212-3951.

Další údaje

• Originální jazyk: čeština
• Typ výsledku: Článek v odborném periodiku
• Obor: 50200 5.2 Economics and Business
• Stát vydavatele: Česká republika
• Utajení: není předmětem státního či obchodního tajemství
• Kód RIV: RIV/00216224:14560/10:00045567
• Organizační jednotka: Ekonomicko-správní fakulta
• Klíčová slova česky: Adjustment dynamics; demand shock; European union-15; supply shock; VAR model
• Klíčová slova anglicky: Adjustment dynamics; demand shock; European union-15; supply shock; VAR model
• Příznaky: Recenzováno

Anotace

In this paper, we use structural vector autoregression model with two variables to decompose economic disturbances to supply and demand shocks. This allows us to compare supply and demand shocks adjustment dynamics of output and price level among the EU-15 countries. The symmetry of output and price responses to these two kinds of shocks is assessed on the basis of correlation analysis. For our purposes we work with data for the EU-15 countries for the period 1995-2009. Our results suggest higher symmetry in the adjustment process to supply shocks and differences regarding price responses to both kinds of shocks.

Anotace anglicky

In this paper, we use structural vector autoregression model with two variables to decompose economic disturbances to supply and demand shocks. This allows us to compare supply and demand shocks adjustment dynamics of output and price level among the EU-15 countries. The symmetry of output and price responses to these two kinds of shocks is assessed on the basis of correlation analysis. For our purposes we work with data for the EU-15 countries for the period 1995-2009. Our results suggest higher symmetry in the adjustment process to supply shocks and differences regarding price responses to both kinds of shocks.