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The paper examines the effects of asymmetries in fiscal policy conduct upon the correlation of business cycles in the … correlation in the period 1996-2012 using a panel of 27 EU countries. The paper pays special attention to Central and Eastern … dissimilarity upon business cycle correlation in the EU. The paper also provides some evidence for the significance of intra …
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In this paper a multivariate dynamic conditional correlation (DCC) general autoregressive conditional …
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We study the origin of comovement in economic fluctuations across regions in India through a unique administrative dataset on plant-level sales. Regional sales exhibit a high level of comovement that can be traced to a small number of large plants located in different regions, indicating a...
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omitted variable bias. A panel model allowing for spatial correlation is a convenient way to capture these effects. This … states and comparable euro area regions, the perspectives of a common monetary policy in Europe can be assessed. The US …
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