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Global house price fluctuations : synchronization and determinants

Hirata, Hideaki; Kose, M. Ayhan; Otrok, Christopher M.; … - 2013

Persistent link: https://www.econbiz.de/10009706782

Global House Price Fluctuations : Synchronization and Determinants

Hirata, Hideaki - 2013

shocks to interest rates, monetary policy, productivity, credit, and uncertainty, in explaining house price fluctuations …

Persistent link: https://www.econbiz.de/10014395408

Economic Integration, Business Cycle, and Productivity in North America

Kose, M. Ayhan - 2004

productivity in Canada. The North American Free Trade Agreement (NAFTA) and its predecessor, the Canada-U.S. Free Trade Agreement … productivity of Canadian industries, the persistence of structural differences between the two countries has prevented convergence … of aggregate labor productivity. While these findings seem to weigh against moving toward a monetary union, they also …

Persistent link: https://www.econbiz.de/10014400637

Emerging Markets Crisis : An Asset Markets Perspective

Krishnamurthy, Arvind - 1999

The entire difference between a mild downturn and a devastating crisis is the occurrence of sharp fire sales of domestic assets and possibly foreign exchange and the ensuing collapse in the balance sheets of both the financial and nonfinancial sector. Why and how do such crises materialize? And...

Persistent link: https://www.econbiz.de/10014400170

Do Credit Shocks Matter? : A Global Perspective

Helbling, Thomas - 2010

This paper examines the importance of credit market shocks in driving global business cycles over the period 1988:1-2009:4. We first estimate common components in various macroeconomic and financial variables of the G-7 countries. We then evaluate the role played by credit market shocks using a...

Persistent link: https://www.econbiz.de/10014402917

Regionalization vs. globalization

Hirata, Hideaki; Kose, M. Ayhan; Otrok, Christopher M. - 2013

Abstract: 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...