Showing 1 - 10 of 14,572
Persistent link: https://www.econbiz.de/10011285620
This paper investigates which shocks drive asynchrony of business cycles in the euro area. Thereby, it unites two strands of literature, those on common features and on structural VAR analysis. In particular, we show that the presence of a common cycle implies collinearity of structural impulse...
Persistent link: https://www.econbiz.de/10011489953
Persistent link: https://www.econbiz.de/10001401776
Persistent link: https://www.econbiz.de/10011572387
Persistent link: https://www.econbiz.de/10011965889
Persistent link: https://www.econbiz.de/10014546439
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
Persistent link: https://www.econbiz.de/10011485609
business cycles in EU regions. The analysis, which is conducted on annual data at the NUTSII level, is based on the following … grounds: First, it examines the degree of synchronicity in business cycles in EU regions associated with specific spatial and … existence of a time-varying national ‘border effect', with eventually differentiated dynamism among the old and the new EU …
Persistent link: https://www.econbiz.de/10011508019
Persistent link: https://www.econbiz.de/10012745323