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An evaluation of equilibrium business cycle models in the presence of statistical nonlinearities

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Spillover effects in international business cycles

Camacho, Maximo; Pacce, Matías; Pérez-Quirós, Gabriel - 2020

To analyze the international transmission of business cycle fluctuations, we propose a new multilevel dynamic factor model with a block structure that (i) does not restrict the factors to being orthogonal and (ii) mixes data sampled at quarterly and monthly frequencies. By means of Monte Carlo...

Persistent link: https://www.econbiz.de/10012305394

Spillover effects in international business cycles

Camacho, Maximo; Pacce, Matías; Pérez-Quirós, Gabriel - 2020

Persistent link: https://www.econbiz.de/10012491785

Informal Self-Employment and Macroeconomic Fluctuations

Fiess, Norbert M.; Fugazza, Marco; Maloney, William F. - 2010

/self-employed sector sizes and the real exchange rate. Model predictions are then tested empirically for Argentina, Brazil, Colombia, and … Mexico. We confirm episodes where the expansion of informal self-employment is consistent with the traditional segmentation …

Persistent link: https://www.econbiz.de/10012562590