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

Fenz, Gerhard; Schneider, Martin - Oesterreichische Nationalbank - 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/10005627575

Working Paper 137

Schneider, Martin; Fenz, Gerhard - Oesterreichische Nationalbank - 2008

Persistent link: https://www.econbiz.de/10010727746

Business cycles synchronization in the European Union: truth or challenge?

TATOMIR, Cristina-Flavia; POPOVICI, Oana Cristina - In: Theoretical and Applied Economics XVIII(2013) (2013) 7(584), pp. 33-42

This paper provides an updated picture of the degree of business cycles synchronization in the European Union … cycles and the Pearson correlation coefficient to measure the degree of synchronization. The results obtained show that the … highest level of business cycle synchronization with the Euro Area is reached by Finland and France, while Poland is by far …

Persistent link: https://www.econbiz.de/10010681052

Two speed Europe and business cycle synchronization in the European Union: The effect of the common currency

Gogas, Periklis; Kothroulas, George - Volkswirtschaftliche Fakultät, … - 2009

between the countries that participated in the European Exchange Mechanism I and which are now members states of the Eurozone … fluctuations in their Gross Domestic Product. The empirical analysis is done through the use of linear regressions, the estimation …

Persistent link: https://www.econbiz.de/10005835532

Business Cycle Synchronization in the European Union: The Effect of the Common Currency

Gogas, Periklis - Rimini Centre for Economic Analysis (RCEA) - 2013

synchronization within the Eurozone has become stronger in the common currency period. …In this paper, I analyse the synchronization of business cycles within the E.U., as this is an important ingredient for … parameter specifications and leads/lags. The strength of cycle synchronization is measured using linear regressions, cross …

Persistent link: https://www.econbiz.de/10010656012

Forecast for the European Economy

Leibfritz, Willi - In: CESifo Forum 2 (2001) 1, pp. 21-27

Persistent link: https://www.econbiz.de/10005013096

Are they All in the Same Boat? the 2000-2001 Growth Slowdown and the G-7 Business Cycle Linkages

Helbling, Thomas; Bayoumi, Tamim - International Monetary Fund (IMF) - 2003

examination of business cycle synchronization among these countries using simple descriptive statistics shows that synchronized …

Persistent link: https://www.econbiz.de/10005264125

Globalization, the Business Cycle, and Macroeconomic Monitoring

Aruoba, S. Boragan; Terrones, Marco; Kose, M. Ayhan; … - International Monetary Fund (IMF) - 2011

G-7 business cycle synchronization among country factors has changed over time. …

Persistent link: https://www.econbiz.de/10008839326

Exchange Return Co-movements and Volatility Spillovers Before and After the Introduction of Euro

Antonakakis, Nikolaos - FIW - 2012

This paper examines co-movements and volatility spillovers in the returns of the euro, the British pound, the Swiss franc and the Japanese yen vis-à-vis the US dollar before and after the introduction of the euro. Based on dynamic correlations, variance decompositions, generalized VAR analysis,...

Persistent link: https://www.econbiz.de/10010548267

Volatility spillovers between the Chinese and world equity markets

Zhou, Xiangyi; Zhang, Weijin; Zhang, Jie - In: Pacific-Basin Finance Journal 20 (2012) 2, pp. 247-270

We propose measures of the directional volatility spillovers between the Chinese and world equity markets based on Diebold and Yilmaz's (2011b) forecast-error variance decompositions in a generalized vector autoregressive framework. It was found that the US market had dominant volatility impacts...

Persistent link: https://www.econbiz.de/10010572484