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nonlinear factor models designed to infer recessionary episodes of heterogeneous deepness, and fitted to the largest advanced … updated as soon as new regional data is released, as we show by measuring the economic effects of coronavirus. Second, it … provides a consistent narrative of the main regional contributors of world economy's weakness. Third, it allows to perform …
Persistent link: https://www.econbiz.de/10012422043
nonlinear factor models designed to infer recessionary episodes of heterogeneous deepness, and fitted to the largest advanced … updated as soon as new regional data is released, as we show by measuring the economic effects of coronavirus. Second, it … provides a consistent narrative of the main regional contributors of world economy's weakness. Third, it allows to perform …
Persistent link: https://www.econbiz.de/10012619149
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 groups: industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose...
Persistent link: https://www.econbiz.de/10010298739
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 groups - industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose...
Persistent link: https://www.econbiz.de/10010276108
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
-examine the effects of a housing crises on the business cycle based on historical crises. Then we estimate the international spill …, international transmission effects then would lead to significant losses of GDP growth in several other countries, notably in Europe. …
Persistent link: https://www.econbiz.de/10010265229
common international drivers, such as the Federal Reserve Bank monetary policy, and international oil prices. …
Persistent link: https://www.econbiz.de/10010328535
growth in other emerging and frontier markets and a 0.6 percentage point increase in world growth at the end of three years …
Persistent link: https://www.econbiz.de/10012060228
We decompose the Danish business cycle into ten structural shocks using an open-economy DSGE model with infrequent determination of prices and wages which we estimate with Bayesian techniques. Consistent with the Danish monetary policy regime, we formulate an imperfect peg on the foreign...
Persistent link: https://www.econbiz.de/10010320942
unterschiedlich ist. Während die Konjunktur in den Vereinigten Staaten bis zuletzt kräftig war, befindet sich die Wirtschaft im … Impulse etwas an Fahrt verliert, belebt sich die Konjunktur in Europa und Japan mit Abklingen der bremsenden Wirkungen des …
Persistent link: https://www.econbiz.de/10014506984