Showing 1 - 10 of 1,893
In this study we examine the dynamic interactions between credit growth and output growth using the spillover index approach of Diebold and Yilmaz (2012). Based on quarterly data on credit growth and GDP growth over the period 1957Q1-2012Q4 for the G7 countries we find that: i) spillovers...
Persistent link: https://www.econbiz.de/10010253456
Persistent link: https://www.econbiz.de/10011885000
The seven largest emerging market economies -China, India, Brazil, Russia, Mexico, Indonesia, and Turkey- constituted more than one-quarter of global output and more than half of global output growth during 2010-15.These emerging markets, which we call EM7,are also closely integrated with other...
Persistent link: https://www.econbiz.de/10011696360
This paper develops a statistical model for measuring spatial interactions when estimating macroeconomic regimes and regime shifts. The model is applied to study the contagion and propagation of recessions in small regional economies in the United States from 1990 to 2015. The empirical analysis...
Persistent link: https://www.econbiz.de/10011567460
This paper analyzes the role of the United States in the global economy and examines the extent of global spillovers from changes in U.S. growth, monetary and fiscal policies, and uncertainty in its financial markets and economic policies. Developments in the U.S. economy, the world’s largest,...
Persistent link: https://www.econbiz.de/10011635498
This study constructs the macroeconomic uncertainty indices for an emerging economy, India, and considers other macroeconomic uncertainty indices to evaluate their relative effectiveness in terms of tracing the business cycles and finding out the transmission channels consistent with theory. The...
Persistent link: https://www.econbiz.de/10012210213
Persistent link: https://www.econbiz.de/10012016183
Using dynamic factor models and state-space techniques we quantify financial cycles for twenty European countries over the period 1960Q1–2015Q4 capturing imbalances across credit, housing, bond and equity markets. The paper documents the existence of slow-moving and persistent financial cycles...
Persistent link: https://www.econbiz.de/10012153925
Persistent link: https://www.econbiz.de/10012167351
Persistent link: https://www.econbiz.de/10012294111