Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/159346
Authors: 
Panagiotidis, Theodore
Pelloni, Gianluigi
Polasek, Wolfgang
Year of Publication: 
2003
Series/Report no.: 
Quaderni - Working Paper DSE 505
Abstract: 
We develop a generalised impulse response function (GIRF) approach to explore the different impacts of aggregate and sectoral shocks within a VAR-GARCH-M model. Using the output of our GIRF analysis, we explore the behaviour of three European countries (Germany, Spain and the UK). We analyse the aggregate and sectoral responses to discriminate among three different hypotheses of business cycle fluctuations. Links are established and explanations are provided within the still experimental character of our exercise.
Persistent Identifier of the first edition: 
Creative Commons License: 
https://creativecommons.org/licenses/by/3.0/
Document Type: 
Working Paper

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