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Hirata, Hideaki - 2013

Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for the evolution of global and regional business cycles. Our model allows us to assess the roles played by the...

Persistent link: https://www.econbiz.de/10013086323

Financial Integration and Macroeconomic Volatility

Kose, Ayhan; Prasad, Eswar; Terrones, Marco - 2021

This paper examines the impact of international financial integration on macroeconomic volatility in a large group of …

Persistent link: https://www.econbiz.de/10013212317

Global House Price Fluctuations : Synchronization and Determinants

Hirata, Hideaki - 2013

We examine the properties of house price fluctuations across 18 advanced economies over the past 40 years. We ask two specific questions: First, how synchronized are housing cycles across these countries? Second, what are the main shocks driving movements in global house prices? To address these...

Persistent link: https://www.econbiz.de/10013086308

Output and Inflation Co-Movement : An Update on Business-Cycle Stylized Facts

Andrle, Michal - 2017

What are the drivers of business cycle fluctuations? And how many are there? Bydocumenting strong and predictable co-movement of real variables during the business cyclein a sample of advanced economies, we argue that most business cycle fluctuations aredriven by one major factor. The positive...

Persistent link: https://www.econbiz.de/10012962163

Economic Fluctuations in Sub-Saharan Africa

Melina, Giovanni - 2019

We compare business cycle fluctuations in Sub-Saharan African (SSA) countries vis-à-vis the rest of the world. Our main …

Persistent link: https://www.econbiz.de/10012864121

The Distributional Impact of Recessions : The Global Financial Crisis and the Pandemic Recession

Shibata, Ippei - 2020

Using the U.S. Current Population Survey data, this paper compares the distributional impacts of the Pandemic Crisis and those of the Global Financial Crisis in terms of (i) worker characteristics, (ii) job characteristics-'social' (where individuals interact to consume goods), 'teleworkable'...

Persistent link: https://www.econbiz.de/10012828220

Workers' Remittances : An Overlooked Channel of International Business Cycle Transmission?

Barajas, Adolfo - 2012

-recipient countries and the rest of the world. Using both aggregate and bilateral remittances data in a panel data setting, the study …

Persistent link: https://www.econbiz.de/10013098276

Has Globalization Really Increased Business Cycle Synchronization?

Monnet, Eric - 2016

period is not associated with more output synchronization at the global level. The world business cycle was as strong during … level of co-movement, trade and financial integration strongly affect the way countries co-move with the rest of the world …. We find that financial integration de-synchronizes national outputs from the world cycle, although the magnitude of this …

Persistent link: https://www.econbiz.de/10012993729

The U.S. Oil Supply Revolution and the Global Economy

Mohaddes, Kamiar - 2016

This paper investigates the global macroeconomic consequences of falling oil prices due to the oil revolution in the United States, using a Global VAR model estimated for 38 countries/regions over the period 1979Q2 to 2011Q2. Set-identification of the U.S. oil supply shock is achieved through...

Persistent link: https://www.econbiz.de/10012998782

Revisiting the Link between Finance and Macroeconomic Volatility

Dabla-Norris, Era - 2013

This paper examines the impact of financial depth on macroeconomic volatility using a dynamic panel analysis for 110 advanced and developing countries. We find that financial depth plays a significant role in dampening the volatility of output, consumption, and investment growth, but only up to...

Persistent link: https://www.econbiz.de/10013086316

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