Deborah, Gefang; Rodney, Strachan - In: Studies in Nonlinear Dynamics & Econometrics 14 (2009) 1, pp. 1-33
Employing a Bayesian approach, we investigate the impact of international business cycles on the U.K. economy in the context of a smooth transition VAR. We find that the British business cycle is asymmetrically influenced by growth in the U.S., France and Germany. Overall, positive and negative...