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The Chinese economic development affects GDP growth and inflation in the advanced countries. A GVAR approach is used to model the interdependencies between the business cycles in China and industrial countries, including the US, the euro area and Japan. For robustness, the results are compared...
Persistent link: https://www.econbiz.de/10011374308
The appropriate design of monetary policy in integrated financial markets is one of the most challenging areas for central banks. One hot topic is whether the rise in liquidity in recent years has contributed to the formation of price bubbles in asset markets. If strong linkages exist, the...
Persistent link: https://www.econbiz.de/10011389101
This paper analyses the determinants of Chinese direct investment (DI) in the European Union (EU). Evidence is based on … with China are the primary factors driving Chinese DI in the EU. In contrast, more business-friendly institutions do not … dispersion of Chinese DI in the EU has not changed much since the global financial crisis of 2008. Most relevant shifts have …
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.S., Japan, and the EU-15 and incorporates age- and time-specific fertility and mortality rates, detailed fiscal institutions …
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We examine real business cycle convergence for 41 euro area regions and 48 US states. Results obtained by a panel model with spatial correlation indicate that the relevance of common business cycle factors is rather stable over the past two decades in the euro area and the US. Ongoing business...
Persistent link: https://www.econbiz.de/10003807457