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The Intranational Business Cycle: Evidence from Japan

Artis, Michael J; Okubo, Toshihiro - C.E.P.R. Discussion Papers - 2008

Abstract: This paper studies the intranational business cycle - that is the set of regional (prefecture) business cycles - in Japan. One reason for choosing to examine the Japanese case is that long time series and relatively detailed data are available. A Hodrick-Prescott filter is applied to...

Persistent link: https://www.econbiz.de/10005123844

The UK Intranational Trade Cycle

Artis, Michael J; Okubo, Toshihiro - C.E.P.R. Discussion Papers - 2009

The paper uses annual data on real GDP for the UK regions and 12 manufacturing sectors to derive regional and regional/sectoral business cycles using an H-P filter. The cohesion of the cycles is examined via cross-correlations and comparisons made with the regional cycles for Japan, the United...

Persistent link: https://www.econbiz.de/10005114447

The Effects of Permanent Technology Shocks on Labour Productivity and Hours in the RBC Model

Lindé, Jesper - C.E.P.R. Discussion Papers - 2005

Recent work on the effects of permanent technology shocks argue that the basic RBC model cannot account for a negative correlation between hours worked and labour productivity. In this Paper, I show that this conjecture is not necessarily correct. In the basic RBC model, I find that hours worked...

Persistent link: https://www.econbiz.de/10005123547

Foreign Direct Investment and Politics: The Swedish Model

Blomström, Magnus; Kokko, Ari - C.E.P.R. Discussion Papers - 1995

Sweden is home to a remarkably large number of prosperous multinationals. We argue that this is partly the result of … regulations and controls have facilitated investment abroad by Swedish firms, while impeding foreign direct investment in Sweden … investment abroad, but opposed foreign investment in Sweden. This paper outlines the development of Swedish foreign investment …

Persistent link: https://www.econbiz.de/10005123621

Home Country Effects of Foreign Direct Investment: Evidence from Sweden

Blomström, Magnus; Kokko, Ari - C.E.P.R. Discussion Papers - 1994

This paper examines two broad issues related to foreign investment by Swedish multinational corporations (MNCs): first, the effects of outward foreign direct investment on domestic investment, exports and employment, and second, the effects on the domestic economy from the increasing division of...

Persistent link: https://www.econbiz.de/10005666957

The Exchange Rate - A Shock-Absorber or Source of Shocks? A Study of Four Open Economies

Artis, Michael J; Ehrmann, Michael - C.E.P.R. Discussion Papers - 2000

The paper provides SVAR estimates for four open economies: the UK, Canada, Sweden and Denmark, making explicit a … another: monetary union appears easy to recommend for Sweden and Denmark, much less so for Canada and the UK. …

Persistent link: https://www.econbiz.de/10005789208

Wage Structure and Public Sector Employment: Sweden versus the United States 1970-2002

Domeij, David; Ljungqvist, Lars - C.E.P.R. Discussion Papers - 2006

private sector employment. Our analysis suggests that the dramatic decline of the skill premium in Sweden is the result of an …

Persistent link: https://www.econbiz.de/10005661889

The European Business Cycle

Artis, Michael J; Krolzig, Hans-Martin; Toro, Juan - C.E.P.R. Discussion Papers - 1999

This paper deals with the existence and identification of a common European Growth Cycle. It has recently been argued that the formation of a monetary union creates in itself a tendency for business cycle symmetry to emerge. If this holds for the European monetary Union and the quasi-union of...

Persistent link: https://www.econbiz.de/10005114243

A Gains from Trade Perspective on Macroeconomic Fluctuations

Beaudry, Paul; Portier, Franck - C.E.P.R. Discussion Papers - 2011

Business cycles reflect changes over time in the amount of trade between individuals. In this paper we show that incorporating explicitly intra-temporal gains from trade between individuals into a macroeconomic model can provide new insight into the potential mechanisms driving economic...

Persistent link: https://www.econbiz.de/10009221567

Fiscal Multipliers Over the Business Cycle

Michaillat, Pascal - C.E.P.R. Discussion Papers - 2011

This paper develops a theory characterizing the effects of fiscal policy on unemployment over the business cycle. The theory is based on a model of equilibrium unemployment in which jobs are rationed in recessions. Fiscal policy in the form of government spending on public-sector jobs reduces...

Persistent link: https://www.econbiz.de/10009324257

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