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Persistent link: https://www.econbiz.de/10001799735
This paper provides a brief analysis of three major questions raised in the context of the recent global financial crisis. First, how similar is the crisis to previous episodes? We argue that the crisis featured some close similarities to earlier ones, including the presence of credit and asset...
Persistent link: https://www.econbiz.de/10008669963
Persistent link: https://www.econbiz.de/10009243540
world. We employ a Bayesian dynamic latent factor model to estimate common components in main macroeconomic aggregates … (output, consumption and investment) in a sixty-country sample covering seven regions of the world. In particular, we … simultaneously estimate (i) a dynamic factor common to all aggregates/regions/countries (the world factor); (ii) a set of 7 regional …
Persistent link: https://www.econbiz.de/10014159726
This paper provides a brief analysis of three major questions raised in the context of the recent global financial crisis. First, how similar is the crisis to previous episodes? We argue that the crisis featured some close similarities to earlier ones, including the presence of credit and asset...
Persistent link: https://www.econbiz.de/10013146573
This Time is Different: Eight Centuries of Financial Folly is one of the best, if not the best, books ever written on the history of financial crises. It presents a comprehensive survey of financial crises utilizing an extraordinary database of macroeconomic and financial series. The massive...
Persistent link: https://www.econbiz.de/10008900898
Persistent link: https://www.econbiz.de/10014573885
Persistent link: https://www.econbiz.de/10001777256
This paper documents the extent of similarities and differences of business cycle characteristics of the Asian countries and compares the cyclical regularities in this region with those of the G7 countries. The Asian economies are generally more volatile than the G7 countries, but the amplitude...
Persistent link: https://www.econbiz.de/10014155425
The paper documents the extent of similarities and differences of business cycle characteristics of the Asian countries and compares the cyclical regularities in this region with those of the G-7 countries. The Asian economies are generally more volatile than the G-7 countries, but the amplitude...
Persistent link: https://www.econbiz.de/10014076212