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World, country, and sector factors in international business cycles
Karadimitropoulou, Aikaterini; León-Ledesma, Miguel A. - 2013
model. The model contains a world factor, country-specific factors, sector-specific factors, and idiosyncratic components … country-factors. The world factor appears to play a minimal role because, when using aggregate data, the world factor captures … in the volatility of world shocks during the globalization period, rather than a lower sensitivity of sectoral growth to …
Persistent link: https://www.econbiz.de/10009744615
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Trade in commodities and business cycle volatility
Kohn, David; Leibovici, Fernando; Tretvoll, Hakon - 2018
This paper studies the role of differences in the patterns of production and international trade on the business cycle volatility of emerging and developed economies. We study a multi-sector small open economy in which firms produce and trade commodities and manufactures. We estimate the model...
Persistent link: https://www.econbiz.de/10011911446
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International linkages and the changing nature of international business cycles
Miyamoto, Wataru; Nguyen, Thuy Lan - 2019
Persistent link: https://www.econbiz.de/10012197334
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Cross-country unemployment insurance, transfers, and trade-offs in international risk sharing
Enders, Zeno; Vespermann, David - 2021
We assess to which degree an international transfer mechanism can enhance consumption risk sharing as well as allocative efficiency and apply our results to a potential European unemployment benefit scheme (EUBS). Specifically, we first develop a simple model with nominal rigidities to build...
Persistent link: https://www.econbiz.de/10013336272
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Cross-country unemployment insurance, transfers, and trade-offs in international risk sharing
Enders, Zeno; Vespermann, David - In: Journal of monetary economics 147 (2024), pp. 1-16
Persistent link: https://www.econbiz.de/10015071535
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Fiscal adjustments and business cycle synchronization
Caporale, Guglielmo Maria; Sousa, Ricardo M. - 2013
Persistent link: https://www.econbiz.de/10010241524
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Fiscal adjustments and business cycle synchronization
Agnello, Luca; Caporale, Guglielmo Maria; Sousa, Ricardo M. - 2013
Using a panel of annual data for 20 countries we show that synchronized fiscal consolidation (stimulus) programmes in different countries make their business cycles more closely linked, especially in the case of fiscal adjustments lasting 2 or 3 years. We also find: (i) little evidence of...
Persistent link: https://www.econbiz.de/10010211770
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Fiscal adjustments and business cycle synchronization
Agnello, Luca; Caporale, Guglielmo Maria; Sousa, Ricardo M. - 2013
Using a panel of annual data for 20 countries we show that synchronized fiscal consolidation (stimulus) programmes in different countries make their business cycles more closely linked, especially in the case of fiscal adjustments lasting 2 or 3 years. We also find: (i) little evidence of...
Persistent link: https://www.econbiz.de/10010212384
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Are there business cycles "beyond GDP"? : alternative measures to GDP at business cycle frequencies ; [conference paper]
Döpke, Jörg; Maschke, Philip - 2014 - This version: February 2014
We discuss properties of alternatives or complements to GDP as a measure of welfare at business cycle frequencies. We argue that these figures are not useful to measure the welfare costs of business cycles. First, data is not available at an appropriate quality and frequency. Second, since the...
Persistent link: https://www.econbiz.de/10010480242
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On our own? : the Icelandic business cycle in an international context
Bjarni G. Einarsson; Emilsson, Gudjón; Haraldsdóttir, … - 2013
Persistent link: https://www.econbiz.de/10009719087