Showing 1 - 10 of 46,058
/09. -- Exports ; great export recovery ; granular economy ; Germany … the micro-structure of the recent export recovery in 2010 in manufacturing industries in Germany after the great recession … of 2008/2009. Almost all of the increase in exports was due to positive changes of exports in firms that continue to …
Persistent link: https://www.econbiz.de/10009657664
The analysis of business cycle synchronization levels has become a key point in the discussion of the processes of international economic integration. Economists show a particular interest in analyzing the frequency of processes of business cycle convergence and divergence (decoupling) in the...
Persistent link: https://www.econbiz.de/10010228503
Turkey's high current account deficit has been at the core of macroeconomic policy discussions in recent years. Quantifying the role of cyclical factors in driving the current account fluctuations is essential for designing an appropriate policy response and evaluating the impact of policy...
Persistent link: https://www.econbiz.de/10010432246
Different theoretical and empirical studies lead to the different results. Different theories suggest a positive as well as a negative relation between the terms-of-trade and trade balance. The traditional Keynesian Harberger-Laursen-Metzler effect of the terms-of-trade on the trade balance is...
Persistent link: https://www.econbiz.de/10012908245
of production embedded in the trade balance and the degree of mismatch between exports and imports, explain between 10 …% and 50% of the volatility and the cyclicality of net exports …
Persistent link: https://www.econbiz.de/10012851363
This paper develops a new empirical framework for analyzing the dynamics of the trade balance in response to different types of macroeconomic shocks. The model provides a synthetic perspective on the conditional correlations between the business cycle and the trade balance that are generated by...
Persistent link: https://www.econbiz.de/10013317705
This paper aims at measuring the robustness of Real Business Cycle international stylized facts across exchange rate regimes. I thus investigate the impact of the Bretton Woods System and the ERM on the business cycle regularities. Thanks to bootstrap techniques, I measure the accuracy of the...
Persistent link: https://www.econbiz.de/10014164147
This paper develops a new empirical framework for analyzing the dynamics of the trade balance in response to different types of macroeconomic shocks. The model provides a synthetic perspective on the conditional correlations between the business cycle and the trade balance that are generated by...
Persistent link: https://www.econbiz.de/10014133644
This paper studies the dynamics of external accounts during 278 economic recession events in the past 60 years and sheds light on key factors that shape these patterns. Economic recessions trigger highly-persistent increases in the current account, driven by an initial, sharp decline in...
Persistent link: https://www.econbiz.de/10013305592
inequality in Germany. Our results show that the EWP declined sharply between 2007 and 2008 and stagnated afterwards. This …
Persistent link: https://www.econbiz.de/10010516623