Similar Search Results

Finnish and Swedish Business Cycles in a Global Context

Bergman, Michael - 2001

This paper examines the characteristics of business cycles in and across Sweden and Finland during the postwar period. We find that output fluctuations in Sweden and Finland are highly correlated to two measures of the international business cycle, a European and a non--European common business...

Persistent link: https://www.econbiz.de/10013208424

Business cycle correlation between the Euro area and the Balkan countries

Gouveia, Sofia - In: International Journal of Economic Sciences and Applied … 7 (2014) 1, pp. 33-49

This paper examines the degree of trade integration and business cycle synchronisation between eight Balkan countries and the Euro area over the period 2000:1-2011:4. The main findings are that Slovenia and the Former Yugoslav Republic of Macedonia exhibit a high level of openness relative to...

Persistent link: https://www.econbiz.de/10011310264

Transmission of Business Cycle Shocks between Unequal Neighbours: Germany and Austria

Fenz, Gerhard; Schneider, Martin - 2007

This paper analyses the comovement of the German and Austrian economies and the transmission of German shocks to Austria. Static and dynamic correlation measures show a strong comovement and a change of the relative position in time of these two economies. The transmission of German shocks to...

Persistent link: https://www.econbiz.de/10013370054

Regionalization vs. Globalization

Hirata, Hideaki; Kose, M. Ayhan; Otrok, Christopher - 2013

Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for the evolution of global and regional business cycles. Our model allows us to assess the roles played by the...

Persistent link: https://www.econbiz.de/10010500234

China in the world economy: dynamic correlation analysis of business cycles

Fidrmuc, Jarko; Korhonen, Iikka; Bátorová, Ivana - 2008

, they lower the degree of business cycle synchronization within the OECD area. …

Persistent link: https://www.econbiz.de/10012148551

China and the World economy: Wavelet spectrum analysis of business cycles

Poměnková, Jitka; Fidrmuc, Jarko; Korhonen, Iikka - 2014

-movement synchronization between G7 countries and China is shown to have undergone frequent and large changes during our sample period. The co …-movements for business cycle frequencies are generally different from those for other frequencies, and synchronization with China … synchronization at business-cycle frequency. We find a significant relationship between the time-varying wavelet measure of …

Persistent link: https://www.econbiz.de/10012148722

Domestic and Global Uncertainty: A Survey and Some New Results

Castelnuovo, Efrem - 2019

This survey features three parts. The first one covers the recent literature on domestic (i.e., country-specific) uncertainty and offers ten main takeaways. The second part reviews contributions on the fast-growing strand of the literature focusing on the macroeconomic effects of uncertainty...

Persistent link: https://www.econbiz.de/10012141101

Investment-specific technology shocks and international business cycles: An empirical assessment

Mandelman, Federico S.; Rabanal, Pau; Rubio-Ramírez, … - 2010

In this paper, we first introduce investment-specific technology (IST) shocks to an otherwise standard international real business cycle model and show that a thoughtful calibration of them along the lines of Raffo (2009) successfully addresses the quantity, international comovement,...

Persistent link: https://www.econbiz.de/10010292222

Business cycles and monetary regimes in emerging economies: A role for a monopolistic banking sector

Mandelman, Federico S. - 2009

This study shows that the presence of imperfect competition in the banking system propagates external shocks and amplifies the business cycle. Strategic limit pricing, aimed at protecting retail niches from potential competitors, generates countercyclical bank markups. Markup increments during...

Persistent link: https://www.econbiz.de/10010292237

Overborrowing and systemic externalities in the business cycle

Bianchi, Javier - 2009

Credit constraints that link a private agent’s debt to market-determined prices embody a credit externality that drives a wedge between competitive and constrained socially optimal equilibria, inducing private agents to overborrow. The externality arises because agents fail to internalize the...

Persistent link: https://www.econbiz.de/10010292300

1
2
3
4
5
6
7
8
9
10
Next
Last