Sources of Economic Fluctuations in Central America

Ecos de Economía: A Latin American Journal of Applied Economics

Wilfredo Toledo¹ 

[1] Universidad de Puerto Rico, Recinto de Río Piedras

关键词: Economic Fluctuations;    SVAR Models;    Panel Data;   

DOI  :  

学科分类：社会科学、人文和艺术（综合）

来源: Universidad Eafit

【 摘 要 】

Using panel data from Central America, this paper studies the determining factors of inflation and aggregate output fluctuations by estimating two Structural Vector Autoregressive (SVAR) models. Price and output variables are included in one of the models, whereas M2 and the price of oil are additional variables in the other one. Findings of this study suggest that price is determined by the demand, while output seems to be influenced mainly by the supply shocks in that area. It was also evidenced that the price of oil does not have a significant impact on the general price level in that region.

【 授权许可】

Unknown