Narrow search
Showing 1 - 10 of 6,281
Cover Image
Business cycle dynamics in the CEE countries: a political economy approach
Adalet, Müge; Öz, Sumru - 2010
This paper uses a simple VAR analysis to examine 5 CEE countries (the Czech Republic, Hungary, Poland, Romania and Slovakia) in order to understand whether their business cycles are synchronized with each other and/or with the major economies that they are supposed to be linked with, namely the...
Persistent link: https://www.econbiz.de/10010273651
Cover Image
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/10012055423
Cover Image
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/10012099110
Cover Image
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 ?nd 1) a signi … able to replicate key features of the data prior to and under EMU.We ?nd 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/10010270020
Cover Image
Has the Euro changed the Business Cycle?
Enders, Zeno; Müller, Gernot J. - 2010
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/10013370079
Cover Image
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 rathe heterogeneous patterns of international synchronization exist during U.S. recessions. During the...
Persistent link: https://www.econbiz.de/10010294906
Cover Image
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/10011345452
Cover Image
Business cycle synchronization and insurance mechanisms in the EU
Afonso, António; Furceri, Davide - 2007
In this paper we provide a positive exercise on past business-cycle correlations and risk sharing in the European Union, and on the ability of insurance mechanisms and fiscal policies to smooth income fluctuations. The results suggest in particular that while some of the new Member States have...
Persistent link: https://www.econbiz.de/10011604890
Cover Image
Inflation differentials in EU new member states: An empirical evidence
Horváth, Roman; Koprnická, Kamila - 2008
In this paper, we examine the determinants of inflation differentials in a panel of the new European Union member states vis-à-vis the euro area in 1997-2007. Our main results are as follows. Exchange rate appreciation and higher price level in the new EU members is associated with narrower...
Persistent link: https://www.econbiz.de/10010322219
Cover Image
A new method for combining detrending techniques with application to business cycle sychchronization of the new EU members
Darvas, Zsolt; Vadas, Gábor - 2005
Decomposing output into trend and cyclical components is an uncertain exercise and depends on the method applied. It is an especially dubious task for countries undergoing large structural changes, such as transition countries. Despite their deficiencies, however, univariate detrending methods...
Persistent link: https://www.econbiz.de/10010322444