Theoretical and Applied Economics
No. 2 / 2016 (607), Summer
A comprehensive view on the manifestations of aggregate demand and aggregate supply shocks in Greece, Ireland, Italy and Portugal
Ionuț JIANU
Bucharest University of Economic Studies, Romania
Bucharest University of Economic Studies, Romania
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.
Keywords: demand shocks, supply shocks, European Monetary Union, peripheral countries, SVAR.
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Contents
- The prerequisites of social development when planning for decentralization
Cătălin Daniel DUMITRICĂ
Teodora I. BIŢOIU
Dragoş DINCĂ
- Testing the validity of the Feldstein-Horioka Puzzle:
New evidence from structural breaks for Turkey
Ekrem ERDEM
Ahmet KOSEOGLU
Ali Gokhan YUCEL
- The role of institutional pressures in developing countries. Implications for IFRS
Cătălina Florentina PRICOPE
- Children’s health insurance coverage in the United States:
The role of parents’ ethnicity and immigration status
Swarn CHATTERJEE
- An empirical investigation of banking sector development
and economic growth in a panel of selected SAARC countries
Javed AHMED
Malik Fahim BASHIR
- A common agency within bureaucracy
Nadide Banu OLCAY
- From public services to networks of social enterprises.
Strategic trends for South-Eastern Europe
Ani MATEI
Carmen SĂVULESCU
Corina-Georgiana ANTONOVICI
- The relationship between inclusive growth,
inequality and poverty in Africa
Mohamed BEN AMAR
Nahed ZGHIDI
- Bankruptcy prediction based on the debt ratio
Daniel BRÎNDESCU-OLARIU
- The effects of saving-investment gap
on economic growth in developing countries:
A clustering and panel data analysis
Ismet GOCER
Tugba AKIN
Sedat ALATAS
- Impact of educational expenditure on economic growth
in major Asian countries: Evidence from econometric analysis
Lingaraj MALLICK
Pradeep Kumar DAS
Kalandi Charan PRADHAN
- Developing a financial inclusion index
and inclusive growth in India
Susanta Kumar SETHY
- Examining the determinants of FDI inflows in India
Shiba Shankar PATTAYAT
- A review of corruption based on the social and economic
evolution of Ancient Greece and Ancient Rome
Ciprian ROTARU
Dumitru-Alexandru BOD
Raluca GEORGESCU
- Estimating the exchange rate in the context of Romania's
integration in the Eurozone
Laura Mădălina PÎRŞCOVEANU
