Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/194299 
Authors: 
Year of Publication: 
2016
Citation: 
[Journal:] Theoretical and Applied Economics [ISSN:] 1844-0029 [Volume:] XXIII [Issue:] 2 (607) [Publisher:] General Association of Economists From Romania (GAER) [Place:] Bucharest [Year:] 2016 [Pages:] 207-224
Publisher: 
General Association of Economists From Romania (GAER), Bucharest
Abstract: 
The main goal of the paper is to extract the aggregate demand and aggregate supply shocks in Greece, Ireland, Italy and Portugal, as well as to examine the correlation among the two types of shocks. The decomposition of the shocks was achieved by using a structural vector autoregression that analyses the relationship between the evolution of the gross domestic product and inflation in the period 1997 2015. The goal of the paper is to confirm the aggregate demand - aggregate supply model in the above-mentioned economies.
Subjects: 
demand shocks
supply shocks
European Monetary Union
peripheral countries
SVAR
JEL: 
E31
E32
E37
URL of the first edition: 
Document Type: 
Article
Document Version: 
Published Version
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