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Business Cycle Synchronisation in EU : A Time-Varying Approach
Degiannakis, Stavros Antonios - 2018
This paper investigates the time-varying correlation between the EU12-wide business cycle and the initial EU12 member-countries based on Scalar-BEKK and multivariate Riskmetrics model frameworks for the period 1980-2012. The paper provides evidence that changes in the business cycle...
Persistent link: https://www.econbiz.de/10012910120
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The dynamics of the housing market prices and the business cycle: a VAR analysis for the european monetary union.
Cinquegrana, Giuseppe - Volkswirtschaftliche Fakultät, … - 2011
reflect the different information which have been imbedded in the housing market in the long-time. The high volatility of the …
Persistent link: https://www.econbiz.de/10011259684
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Endogenous Growth, Monetary Shocks and Nominal Rigidities
Annicchiarico, Barbara; Pelloni, Alessandra; Lorenza, Rossi - Volkswirtschaftliche Fakultät, … - 2010
: (i) monetary volatility negatively affects long-run growth; (ii)the relation between nominal volatility and growth … increases the negative effect of nominal volatility on mean growth. …
Persistent link: https://www.econbiz.de/10008685157
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Predictable markets? A news-driven model of the stock market
Gusev, Maxim; Kroujiline, Dimitri; Govorkov, Boris; … - Volkswirtschaftliche Fakultät, … - 2014
We attempt to explain stock market dynamics in terms of the interaction among three variables: market price, investor opinion and information flow. We propose a framework for such interaction and apply it to build a model of stock market dynamics which we study both empirically and...
Persistent link: https://www.econbiz.de/10011108097
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The Employment Cycles of Neighboring Cities
Wall, Howard J. - 2011
This paper examines the spatial interaction of neighboring cities over their employment cycles. The cycles of neighboring cities tend to be more similar to one another than are those of non-neighboring cities, although this is due primarily to neighbors' tendency to be in the same state. In...
Persistent link: https://www.econbiz.de/10013126966
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The European and the Greek Business Cycles: Are they synchronized?
Leon, Costas - Volkswirtschaftliche Fakultät, … - 2006
lead-lag patterns and decreasing volatility over time, although this is not a universally accepted view. In this study I … employ spectral analysis and a VAR model to evaluate the length, the volatility and the transmission mechanism of stochastic … exhibit lower volatility over time. However, synchronization of the cycles in terms of correlation and their transmission …
Persistent link: https://www.econbiz.de/10005836358
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Adoptarea euro in Romania
Dumitru, Ionut - Volkswirtschaftliche Fakultät, … - 2009
This paper assesses the level of readiness of Romania to adopt euro, based on nominal and real convergence criteria evaluation. We used the optimal currency area criteria in order to assess the real convergence process in Romania. The main conclusion of the paper is that more progress is...
Persistent link: https://www.econbiz.de/10008472251
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Country Size and Labor Market Flexibility in the European Monetary Union: Why Small Countries Have more Flexible Labor Markets
Zemanek, Holger - Volkswirtschaftliche Fakultät, … - 2009
. Thereby, national inflation volatilities and unemployment volatility are important determinants. Business cycle …
Persistent link: https://www.econbiz.de/10005029690
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Optimal currency area and business cycle synchronization across U.S. states.
Aguiar-Conraria, Luis; Brinca, Pedro; Gudjonsson, Haukur; … - Volkswirtschaftliche Fakultät, … - 2015
We use wavelet analysis to investigate to what extent individual U.S. states' business cycles are synchronized. The results show that the U.S. states are remarkably well synchronized compared to the previous findings w.r.t. the Euro Area. There is also a strong and significant correlation...
Persistent link: https://www.econbiz.de/10011168671
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Business cycle synchronization during US recessions since the beginning of the 1870's
Antonakakis, Nikolaos - Volkswirtschaftliche Fakultät, … - 2012
This paper examines the synchronization of business cycles across the G7 countries during US recessions since the 1870's. Using a dynamic measure of business cycle synchronization, results depend on the globalisation period under consideration. On average, US recessions have significantly...
Persistent link: https://www.econbiz.de/10011110921