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

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dc.contributor.author Černíková, Petra
dc.date.accessioned 2012-02-06T09:56:16Z
dc.date.available 2012-02-06T09:56:16Z
dc.date.issued 2010
dc.identifier.citation Ekonomická revue. 2010, roč. 13, č. 4, s. 219-229 : il. cs
dc.identifier.issn 1212-3951 cs
dc.identifier.uri http://hdl.handle.net/10084/90123
dc.description.abstract 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. cs
dc.format.extent 644309 bytes cs
dc.format.mimetype application/pdf cs
dc.language.iso en cs
dc.publisher Vysoká škola báňská - Technická univerzita Ostrava cs
dc.relation.ispartofseries Ekonomická revue cs
dc.relation.uri http://dx.doi.org/10.7327/cerei.2010.12.04
dc.rights © Vysoká škola báňská - Technická univerzita Ostrava cs
dc.title The analysis of supply and demand shocks adjustment dynamics of the EU-15 countries cs
dc.type article cs
dc.identifier.doi 10.7327/cerei.2010.12.04
dc.rights.access openAccess cs
dc.type.version publishedVersion cs
dc.type.status Peer-reviewed cs

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