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Henley A. (2005) On regional growth convergence in Great Britain, Regional Studies 39 , 1245-1260. This paper examines … recent sub-regional output data for Great Britain to identify possible economic convergence. It concludes that sub …-regional data are subject to substantial spatial autocorrelation. Conventional estimates of 'beta' convergence are subject to …
Persistent link: https://www.econbiz.de/10005638365
firstly, business cycle synchronization, and secondly, long-term economic convergence. To measure the impact on business cycle … adversely affect business cycle synchronization as well as long-run convergence. …
Persistent link: https://www.econbiz.de/10011116950
This paper presents a VAR/VECM analysis of the monetary transmission process in Uzbekistan for the available data from 2000 to 2009. The general findings obtained support the hypothesis that the interest rate channel in Uzbekistan is relatively weak. Monetary transmission via the exchange rate...
Persistent link: https://www.econbiz.de/10010865864
This paper studies how US monetary policy affects global stock prices. We find that global stock prices respond strongly to changes in US interest rates, with stock prices increasing (decreasing) following unexpected monetary loosening (tightening). This impact is more pronounced for sectors...
Persistent link: https://www.econbiz.de/10010577387