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The synchronization of GDP Growth in the G7 during U.S. recessions : is this time different?
Antonakakis, Nikolaos; Scharler, Johann - 2010
Using the dynamic conditional correlation (DCC) model due to Engle (2002), we estimate time varying correlations of quarterly real GDP growth among the G7 countries. In general, we find that rather heterogeneous patterns of international synchronization exist during U.S. recessions. During the...
Persistent link: https://www.econbiz.de/10011373496
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Business cycle synchronization during US recessions since the beginning of the 1870's
Antonakakis, Nikolaos - 2012
Persistent link: https://www.econbiz.de/10009622252
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Adjustment dynamics and business cycle heterogeneity in the EMU : evidence from estimated DSGE models
Giovannini, Massimo; Hohberger, Stefan; Ratto, Marco; … - 2018
The paper reviews adjustment dynamics in the EMU on the basis of estimated DSGE models for four large EA Member States …
Persistent link: https://www.econbiz.de/10012054993
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Adjustment dynamics and business cycle heterogeneity in the EMU : evidence from estimated DSGE models
Giovannini, Massimo; Hohberger, Stefan; Ratto, Marco; … - 2019
The paper reviews adjustment dynamics in the EMU on the basis of estimated DSGE models for four large EA Member States …
Persistent link: https://www.econbiz.de/10012268789
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The role of the United States in the global economy and its evolution over time
Dées, Stéphane; Saint-Guilhem, Arthur - 2009
This paper aims at assessing the role of the United States in the global economy and its evolution over time. The emergence of large economic players, like China, is likely to have weakened the role of the U.S. economy as a driver of global growth. Based on a Global VAR modelling approach, this...
Persistent link: https://www.econbiz.de/10003832378
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Global business cycles: convergence or decoupling?
Kose, M. Ayhan (contributor);  … - 2008
This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groupsindustrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose...
Persistent link: https://www.econbiz.de/10003794406
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The impact of the global financial crisis on business cycles in Asian emerging economies
Fidrmuc, Jarko; Korhonen, Iikka - 2009
We analyze the transmission of global financial crisis to business cycles in China and India. The pattern of business cycles in emerging Asian economies generally displays a low degree of synchronization with the OECD countries, which is consistent with the decoupling hypothesis. By contrast,...
Persistent link: https://www.econbiz.de/10003861779
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Has the Euro changed the business cycle?
Enders, Zeno; Jung, Philip; Müller, Gernot J. - 2009
In this paper we analyze European business cycles before and under EMU. Across the two periods we find 1) a significant … able to replicate key features of the data prior to and under EMU. We find that the euro has a strong bearing on the … transmission mechanism as cross-country spillovers increase substantially under EMU. As a result, foreign shocks become more and …
Persistent link: https://www.econbiz.de/10003850663
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Business cycle dynamics in the CEE countries : a political economy approach
Adalet, Muge; Öz, Sumru - 2010
decreased the importance of distance. -- Business cycle synchronization ; CEE countries ; EMU …
Persistent link: https://www.econbiz.de/10008669954
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Developing country business cycles : revisiting the stylised facts
Male, Rachel - 2010
Identifying business cycle stylised facts is essential as these often form the basis for the construction and validation of theoretical business cycle models. Furthermore, understanding the cyclical patterns in economic activity, and their causes, is important to the decisions of both...
Persistent link: https://www.econbiz.de/10003990420