Boschi, Melisso; Marzo, Massimiliano; Salotti, Simone - Crawford School of Public Policy, Australian National … - 2013
We investigate the sources of macroeconomic (output and inflation) variability in selected European countries within and outside the European Monetary Union: Germany, Italy, Austria, the UK and Poland. Using quarterly data from 1985:1 to 2005:4, we estimate a Global Vector Autoregressive (GVAR)...
