IDEAS home Printed from https://ideas.repec.org/a/cai/repdal/redp_245_0789.html
   My bibliography  Save this article

Chocs permanents et transitoires dans le chômage et le PIB : Allemagne versus les pays Européens

Author

Listed:
  • Gaëtan Stephan

Abstract

This paper decomposes movements of real GDP and unemployment rate between permanent shocks and transitory shocks. We use a bivariate unobserved components model on four big European countries (Germany, France, Italy and United Kingdom) with quarterly data since 1970. Our model allows for explicit correlation between transitory and permanents shocks and structural breaks in the permanent components of real GDP and unemployment. The results show that movements in real GDP and unemployment rate are explained by permanent movements rather than transitory movements. Conversely, we find that transitory movements explain overall fluctuations in Germany.

Suggested Citation

  • Gaëtan Stephan, 2014. "Chocs permanents et transitoires dans le chômage et le PIB : Allemagne versus les pays Européens," Revue d'économie politique, Dalloz, vol. 124(5), pages 789-815.
    • Handle: RePEc:cai:repdal:redp_245_0789
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=REDP_245_0789
    Download Restriction: free
    File URL: http://www.cairn.info/revue-d-economie-politique-2014-5-page-789.htm
    Download Restriction: free
    ---><---

    More about this item

    Keywords

    Real GDP; unemployment;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:repdal:redp_245_0789. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-d-economie-politique.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.