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Workers' Remittances : An Overlooked Channel of International Business Cycle Transmission?
Barajas, Adolfo - 2012
This paper shows that remittance flows significantly increase the business cycle synchronization between remittance-recipient countries and the rest of the world. Using both aggregate and bilateral remittances data in a panel data setting, the study demonstrates that this effect is robust and...
Persistent link: https://www.econbiz.de/10013098276
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Business Cycle Correlation between the Euro Area and the Balkan Countries
Gouveia, Sofia Helena - 2014
EMU (except Greece and Turkey) and a rather modest degree of association with the Euro area cycle, although Turkey is … nearest the average of the EMU countries. We further document that there is a tendency for an increase in the degree of … synchronisation with EMU for all Balkan countries. We also note, however, that at the end of the period, the degree of synchronisation …
Persistent link: https://www.econbiz.de/10013053018
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Adjustment dynamics and business cycle heterogeneity in the EMU : evidence from estimated DSGE models
Giovannini, Massimo; Hohberger, Stefan; Ratto, Marco; … - 2018
The paper reviews adjustment dynamics in the EMU on the basis of estimated DSGE models for four large EA Member States …
Persistent link: https://www.econbiz.de/10012054993
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How do credit supply shocks propagate internationally? : A GVAR approach
Eickmeier, Sandra; Ng, Tim - 2011
We study how credit supply shocks in the US, the euro area and Japan are transmitted to other economies. We use the recently-developed GVAR approach to model financial variables jointly with macroeconomic variables in 33 countries for the period 1983-2009. We experiment with inter-country links...
Persistent link: https://www.econbiz.de/10009389753
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How Do Credit Supply Shocks Propagate Internationally? A Gvar Approach
Eickmeier, Sandra - 2016
We study how credit supply shocks in the US, the euro area and Japan are transmitted to other economies. We use the recently-developed GVAR approach to model financial variables jointly with macroeconomic variables in 33 countries for the period 1983-2009. We experiment with inter-country links...
Persistent link: https://www.econbiz.de/10012991020
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International Spillovers of Output Growth and Output Growth Volatility : Evidence from the G7
Antonakakis, Nikolaos; Badinger, Harald - 2010
This paper examines the transmission of GDP growth and GDP growth volatility among the G7 countries over the period 1960 q1 - 2009 q3, using a multivariate generalized autoregressive conditional heteroskedasticity (MGARCH) model to identify the source and magnitude of spillovers. Results...
Persistent link: https://www.econbiz.de/10011374385
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Stylized facts and international business cycles : the German case
Gail, Michael - 2000 - Revised July 9th, 2000
This paper studies the business cycle in Germany using the HP-filter (Hodrick/Prescott (1997)) to isolate the cyclical component. A two-country International Business Cycle model in line with Baxter/Crucini (1995) is built to explain these facts. The combination of GHH-preferences with taste...
Persistent link: https://www.econbiz.de/10011525706
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Globalization and international business cycle dynamics : a conditional GVAR approach
Binder, Michael; Offermanns, Christian J. - 2014
We examine the effects of increased international integration of both goods and financial markets on business cycle dynamics. To do so, we develop a new econometric framework for modelling cross-country spillovers in which the magnitude of these spillovers is an empirically determined function...
Persistent link: https://www.econbiz.de/10010414228
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Can Indeterminacy and Self-Fulfilling Expectations Help Explain International Business Cycles? A Preliminary Investigation
McKnight, Stephen - 2016
We introduce equilibrium indeterminacy into a two-country incomplete asset model with imperfect competition and analyze whether self-fulfilling, belief-driven fluctuations (i.e., sunspot shocks) can help resolve the major puzzles of international business cycles. We find that a combination of...
Persistent link: https://www.econbiz.de/10013004783
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Bilateral Linkages and the Dynamics of International Business Cycle Comovement
Kent, Lance - 2016
This paper uses uses a novel type of panel vector autoregression to establish that the well-known association between linkages and business cycle comovement has both intratemporal and intertemporal dimensions. When two countries are more closely linked (i.e., they trade more or hold more...
Persistent link: https://www.econbiz.de/10013007014