Narrow search
Showing 1 - 10 of 23,028
Cover Image
Trade Integration and Business Cycle Synchronization in the Euro Area: The Case of Southern European Countries
Gouveia, Sofia; Correia, Leonida - In: Journal of Economic Integration 28 (2013), pp. 85-107
This paper examines synchronization in the euro area and the role of intra-EMU trade from 1981 to 2011, focusing in particular on southern European countries. The results indicate that the intensification of synchronisation that occurred in the nineties across almost all countries could...
Persistent link: https://www.econbiz.de/10010991717
Cover Image
Reserve Requirement Policy over the Business Cycle
Federico, Pablo; Vegh, Carlos A.; Vuletin, Guillermo - Institute for Monetary and Economic Studies, Bank of Japan - 2014
Based on a novel quarterly dataset for 52 countries for the period 1970-2011, we analyze the use and cyclical properties of reserve requirements (RR) as a macroeconomic stabilization tool and whether RR policy substitutes or complements monetary policy. We find that (i) around two thirds of...
Persistent link: https://www.econbiz.de/10010888625
Cover Image
Dollar Hegemony and China's Economy
Liu, Kai - Faculty of Economics, University of Cambridge - 2014
This paper models the US dollar as a global currency and focuses on the effects of US money supply shock upon China … investigated. Given a positive US money supply shock, both the inflation and real GDP of China will be below their steady state … money supply shock will result in a positive 1.25% welfare gain for China, a positive 0.06% welfare gain for US, but a 0 …
Persistent link: https://www.econbiz.de/10010949348
Cover Image
Fiscal Policy and Macroeconomic Imbalances
Baldacci, Emanuele; Gupta, Sanjeev; Mulas-Granados, Carlos - Banca d'Italia - 2014
The volume collects the essays presented at the 15th Workshop on Public Finance organised by Banca d'Italia in Perugia from 4 to 6 April 2013. The workshop focused on the link between fiscal policy and macroeconomic imbalances and comprised four sessions. The first session concentrated on the...
Persistent link: https://www.econbiz.de/10011277938
Cover Image
A sectoral analysis of Barbados’ GDP business cycle
CRAIGWELL, ROLAND; MAURIN, ALAIN - Volkswirtschaftliche Fakultät, … - 2007
This paper has two main objectives. Firstly, to establish and characterise a reference cycle (based on real output) for Barbados over the quarterly period 1974-2003 using the Bry and Boschan algorithm. Secondly, to link this aggregate output cycle to the cycles of the individual sectors that...
Persistent link: https://www.econbiz.de/10009294939
Cover Image
Trend Shocks and Economic Development
Naoussi, Claude Francis; Tripier, Fabien - Centre d'études prospectives et d'informations … - 2013
This article explores the role of trend shocks in explaining the specificities of business cycles in developing countries using the methodology introduced by Aguiar and Gopinath (2007) [“Emerging Market Business Cycles: The Cycle Is the Trend” Journal of Political Economy 115(1)]. We specify...
Persistent link: https://www.econbiz.de/10010610335
Cover Image
Potential Currency Areas in East Asia using United States, Japan, or China as the Monetary Anchor
Quah, Chee Heong - In: Economía Mexicana NUEVA ÉPOCA Cierre de época (I) (2013), pp. 247-279
This paper applies fuzzy clustering techniques to developed and emerging economies in East Asia, in order to arrive at an identification of potential subgroups of economies for monetary union. The statistical criteria employed is the one suggested by the Optimal Currency Areas theory, and the...
Persistent link: https://www.econbiz.de/10010721462
Cover Image
Potential Currency Areas in East Asia using United States, Japan, or China as the Monetary Anchor
Quah, Chee Heong - In: Economía Mexicana NUEVA ÉPOCA XXII (2013) 3, Cierre de época (I), pp. 247-279
This paper applies fuzzy clustering techniques to developed and emerging economies in East Asia, in order to arrive at an identification of potential subgroups of economies for monetary union. The statistical criteria employed is the one suggested by the Optimal Currency Areas theory, and the...
Persistent link: https://www.econbiz.de/10010752731
Cover Image
Economic integration and industrial sector fluctuations: evidence from Italy
Cesaroni, Tatiana - Istituto Nazionale di Statistica (ISTAT) - 2008
fluctuations are mainly determined by productivity shock, hours worked and world trade shocks also contribute significantly to …
Persistent link: https://www.econbiz.de/10005405083
Cover Image
The international cycle and Colombian monetary policy
Mahadeva, Lavan; Pineda, Javier Gómez - BANCO DE LA REPÚBLICA - 2009
The objective of this paper is to analyze how international cycles affect the real GDPcycle and so monetary policy decisions in Colombia. We estimate that cycles in worldGDP, export prices and capital inflows are strongly associated with the Colombianbusiness cycle both on impact and even during...
Persistent link: https://www.econbiz.de/10005597638