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It has been shown that under perfect competition and a Cobb-Douglas production function, a basic real business cycle …
Persistent link: https://www.econbiz.de/10010790380
In this paper we analyze the synchronization between the business cycles of US and Mexican regions. Regional economic activity in Mexico is measured using regional coincident indexes recently developed at Banco de México, while US aggregate economic activity is measured with the national...
Persistent link: https://www.econbiz.de/10010322545
Ten years ago, the global financial crisis started to unwind in the USA and triggered the greatest recession since World War II. Although the crisis of 2007-08 was caused in the USA, their economy was not hit so hard in the Great Recession of 2009 as in Europe, and in particular in the Euro...
Persistent link: https://www.econbiz.de/10011853244
Color poster with text, images, and graphs.
Persistent link: https://www.econbiz.de/10009460834
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/10011696319
The current economic slowdown in the United States and the decline in remittance growth to some Latin American countries have intensified the interest in the relationship between these variables. We investigate whether host country conditions affect remittance outflows to Latin America, focusing...
Persistent link: https://www.econbiz.de/10010281244
Machine Learning models are often considered to be "black boxes" that provide only little room for the incorporation of theory (cf. e.g. Mukherjee, 2017; Veltri, 2017). This article proposes so-called Dynamic Factor Trees (DFT) and Dynamic Factor Forests (DFF) for macroeconomic forecasting, which...
Persistent link: https://www.econbiz.de/10012546027
Persistent link: https://www.econbiz.de/10009573515
Persistent link: https://www.econbiz.de/10009267819
business cycle fluctuations. The amplification mechanism works through the competition and the variety effect. This paper tests … the significance of this amplification mechanism, quantifies its importance, and disentangles the competition and the … competition and the variety effect are estimated to be statistically significant. Together, they amplify the volatility of output …
Persistent link: https://www.econbiz.de/10011390479