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International macroeconomic vulnerability

Velloso, João; Garcia, Márcio Gomes Pinto; Guillen, Diogo - 2022

and measure the source of the shock, impact variables and duration of impact. Our approach brings light not only to …

Persistent link: https://www.econbiz.de/10012814956

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 find 1) a significant decline in real exchange rate volatility, 2) significant changes in cross-country correlations, and 3) the volatility of macroeconomic fundamentals largely unchanged. We...

Persistent link: https://www.econbiz.de/10003850663

Coherence of output gaps in the euro area : the impact of the Covid-19 shock

Haan, Jakob de; Jacobs, Jan; Zijm, Renske - 2022

Using the measures proposed by Mink et al. (2012), we reexamine the coherence of business cycles in the euro area using a long sample period. We also analyze the impact of the COVID-19 pandemic on business cycle coherence and examine whether our measures for business cycle coherence indicate a...

Persistent link: https://www.econbiz.de/10013168003

Real Interest Rates and Productivity Shocks : Why are Business Cycles Negatively Correlated between the EU and Jordan?

Lucke, Bernd - 2005

Why is there a negative correlation between business cycles in Jordan and the EU15? This paper explores the hypothesis that TFP increases in Europe spill over to Jordan only if embodied in FDI, but that European TFP growth negatively affects the Jordanian economy through higher world interest...

Persistent link: https://www.econbiz.de/10012784083

The spillover of euro area shocks to the Maltese economy

Gatt, William; Ruisi, Germano - 2022

the Maltese economy. The model focuses on five broad macroeconomic shocks hitting the euro area; an aggregate demand shock … global market for oil, a generic monetary policy shock encompassing both conventional and unconventional interventions, and a … financial stress shock. The model is estimated using Bayesian methods over a sample that goes from 2003Q1 to 2019Q4 and …

Persistent link: https://www.econbiz.de/10012818649

Symmetry and separability in two-country cointegrated VAR models : representation and testing

Krolzig, Hans-Martin; Heinlein, Reinhold - 2013

Introducing the approach by Masanao Aoki (1981) to time series econometrics, we show that the dynamics of symmetric linear possibly cointegrated two-country VAR models can be separated into two autonomous subsystems: the country averages and country differences, where the latter includes the...

Persistent link: https://www.econbiz.de/10010228330

How interdependent are Eastern European economies and the Euro area?

Prettner, Catherine; Prettner, Klaus - 2014

Persistent link: https://www.econbiz.de/10010241448

Business cycle dynamics in the Euro area : a factor-SVAR approach

Seymen, Atılım - 2009

The study investigates the business cycle dynamics in the euro area using an empirical framework which comprises common global and euro area shocks as well as allows bilateral spillovers of country-specific shocks across the member economies. Three core questions lie at the heart of the...

Persistent link: https://www.econbiz.de/10011373506

Business cycle dynamics in the euro area : a factor-SVAR approach

Seymen, Atılım - 2009

Persistent link: https://www.econbiz.de/10003940325

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/10010459812

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