Recession and Recovery in the United Kingdom in the 1990'+L927s

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Author :
Publisher : International Monetary Fund
ISBN 13 : 145184591X
Total Pages : 28 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Recession and Recovery in the United Kingdom in the 1990'+L927s by : Mr.Luis Catão

Download or read book Recession and Recovery in the United Kingdom in the 1990'+L927s written by Mr.Luis Catão and published by International Monetary Fund. This book was released on 1995-04-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses a vector autoregression (VAR) approach to identify the causes of the 1990-92 recession in the UK. The VAR approach is shown to be particularly pertinent for quantifying the relative magnitude of the different demand shocks, and in decomposing them into monetary and expectational factors. The main finding is that the recent recession was precipitated primarily by shocks to consumption, and that monetary factors explain just part of this contraction. The VAR model also offers interesting insights about the long duration of the recession and the nature of the recovery that is currently underway.

Recession and Recovery in the United Kingdom in the 1990s

Download Recession and Recovery in the United Kingdom in the 1990s PDF Online Free

Author :
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (129 download)

DOWNLOAD NOW!


Book Synopsis Recession and Recovery in the United Kingdom in the 1990s by : Luis Catão

Download or read book Recession and Recovery in the United Kingdom in the 1990s written by Luis Catão and published by . This book was released on 2006 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses a vector autoregression (VAR) approach to identify the causes of the 1990-92 recession in the UK. The VAR approach is shown to be particularly pertinent for quantifying the relative magnitude of the different demand shocks, and in decomposing them into monetary and expectational factors. The main finding is that the recent recession was precipitated primarily by shocks to consumption, and that monetary factors explain just part of this contraction. The VAR model also offers interesting insights about the long duration of the recession and the nature of the recovery that is currently underway.