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Macroeconomic linkages and international shock transmissions in East Asia: A global vector autoregressive approach
Hassan, Ibrahim Bakari; Azali, Mohamed; Chin, Lee; … - In: Cogent Economics & Finance 5 (2017) 1, pp. 1-21
investigates the effect of macroeconomic linkages on international shock transmissions in selected East Asian countries. Global … Vector Autoregressive model (GVAR) is used on the quarterly data of real output, inflation, equity prices, exchange rates … effects in the same way. On the other hand, result from the dynamic analysis, shows that China contributes highest shock …
Persistent link: https://www.econbiz.de/10011988790
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Monetary policy shocks in a two-sector open economy: an empirical study
Llaudes, Ricardo - 2007
This paper studies the effects and the transmission mechanism of unexpected monetary policy shocks in an open economy setting within the context of a VAR frame- work. It considers an economy with two sectors, a tradable sector and a non-tradable sector. For a given country, economic sectors are...
Persistent link: https://www.econbiz.de/10011604845
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A Global Macro Model for Emerging Europe
Feldkircher, Martin - 2013
.S. output shock as it does to a corresponding euro area shock. The pivotal role of the U.S.A. in shaping the global business … States (CIS). Applying a global VAR (GVAR) model, we are able to assess the spatial propagation and the time profile of …
Persistent link: https://www.econbiz.de/10013370102
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The US-China "trade war": The war nobody can win
Yılmaz, Bahri - 2019
The main aim of this paper is to analyze US-China trade relations and the so-called "trade war" between the two countries. As a first step, we will look at the trade relations between the two countries and explain why President Trump is eagerly following a protectionist trade policy toward China...
Persistent link: https://www.econbiz.de/10012388927
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Asymmetric growth and inflation developments in the acceding countries: a new assessment
Ide, Stefaan; Moës, Philippe - 2004
In this paper, we use a SVAR model in order to study the asymmetry of growth and inflation developments in the acceding countries vis-à-vis the euro area over the years 1995-2003. The model combines two strands of the literature, the explanation in terms of country-specific and euro area...
Persistent link: https://www.econbiz.de/10011506585
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The Impact of Economic Globalization on the Shadow Economy in Egypt
Farzanegan, Mohammad Reza; Hassan, Mai - 2017
economic globalization is negative and statistically significant for the first three years following the shock. This finding is …
Persistent link: https://www.econbiz.de/10011657145
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Simultaneous causality in international trade
Weber, Enzo - 2007
This paper proposes estimating causalities in bilateral international trade in simultaneous systems, including domestic and foreign GDP as well as mutual trade flows. Conventional macroeconomic theory mainly follows partial approaches like import functions or exportled growth. Focusing on the US...
Persistent link: https://www.econbiz.de/10010263683
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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
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International trade and financial integration: A weighted network analysis
Fagiolo, Giorgio; Reyes, Javier; Schiavo, Stefano - 2007
In this paper we compare the patterns of trade and financial integration by exploiting network analysis. Our results show that, by combining binary and weighted network analysis, it is possible to deliver more precise and thorough insights on the topological structure and properties of the...
Persistent link: https://www.econbiz.de/10010328391
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In dubio pro CES - Supply estimation with mis-specified technical change
León-Ledesma, Miguel A.; McAdam, Peter; Willman, Alpo - 2010
Capital-labor substitution and total factor productivity (TFP) estimates are essential features of growth and income distribution models. In the context of a Monte Carlo exercise embodying balanced and near balanced growth, we demonstrate that the estimation of the substitution elasticity can be...
Persistent link: https://www.econbiz.de/10011605221