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"International Transmission of Shocks and Policies within the EU: The Spanish Case"

Ortega, Eva. (1995) "International Transmission of Shocks and Policies within the EU: The Spanish Case". In: UNSPECIFIED, Charleston, South Carolina. (Unpublished)

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    In this paper I try to evaluate empirically the Spanish economic dependence on its EU neighbors during the last two decades. A Bayesian VAR is estimated to identify the links between their key macromagnitudes. I explore further the possibility that the relationships found were similar responses to common shocks with a number of reduced VARs. Evidence is found supporting the "locomotive" role of Germany with respect to France and to a lesser extent to Spain, due to a faster response to common shocks like shocks to oil prices, US gdp, and US short-term interest rates.

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    Item Type: Conference or Workshop Item (UNSPECIFIED)
    Subjects for non-EU documents: EU policies and themes > External relations > international economy
    EU policies and themes > Policies & related activities > economic and financial affairs > economic policy
    Countries > France
    Countries > Spain
    Countries > Germany
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Conference: European Union Studies Association (EUSA) > Biennial Conference > 1995 (4th), May 11-14, 1995
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 26 Jan 2008
    Page Range: p. 24
    Last Modified: 15 Feb 2011 17:47

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