000			01447cam a2200217 4500500
005			20250121053633.0
041			_afre
042			_adc
100	1	0	_aGossé, Jean-Baptiste _eauthor
700	1	0	_a Guillaumin, Cyriac _eauthor
245	0	0	_aThe Impact of External Shocks in the Eurozone: Lessons from a Structural Vector Autoregressive (SVAR) Model
260			_c2012.
500			_a7
520			_aThis article studies the impact on Europe of the main external shocks that occurred in the 2000s, such as rising oil prices, the fall in the US interest rate, stock market bubbles in the United States, and rising global imbalances. We estimate an SVAR model with exogeneity constraints, together with contemporary and long-term restrictions, in order to measure the impact of these shocks on the euro area and its member countries, as well as on the United Kingdom. The findings show that external shocks during the 2000s help to explain Europe’s relatively sluggish growth, the appreciation of the euro, and widening current account deficits within the euro area.
690			_astructural vector autoregressive (SVAR) models
690			_aeuro area
690			_acurrent account imbalances
690			_aexogeneityassumption
786	0		_nEconomie & prévision | o 195-196 | 4 | 2012-10-01 | p. 15-33 | 0249-4744
856	4	1	_uhttps://shs.cairn.info/journal-economie-et-prevision-1-2010-4-page-15?lang=en&redirect-ssocas=7080
999			_c468713 _d468713