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A turning point chronology for the Euro-zone
Billio, Monica; Anas, Jacques; Ferrara, Laurent; Duca, … - Dipartimento di Economia, Università Ca' Foscari Venezia - 2007
We propose a dating process for the business and growth Euro-zone cycles. This process is a result of a non parametric algorithm and diverse criteria assessment (duration, deepness, diffusion, synchronisation), as well as of “expert judgments” based on a combination of the following...
Persistent link: https://www.econbiz.de/10005113404
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Causal Relationship Between Exports and Agricultural GDP in Pakistan
Memon, Manzoor Hussain; Baig, Waqar Saleem; Ali, Muhammad - Volkswirtschaftliche Fakultät, … - 2008
-run relationship. There is also a bi-directional Granger-causality between the total exports and agricultural GDP. However, for short …
Persistent link: https://www.econbiz.de/10005835581
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The Causal Relationship Between Government Revenue and Expenditure in Namibia
Eita, Joel Hinaunye; Mbazima, Daisy - Volkswirtschaftliche Fakultät, … - 2008
government expenditure using Granger causality test through cointegrated vector autoregression (VAR) methods for the period the … period 1977 to 2007. The paper tests whether government revenue causes government expenditure or whether the causality runs … from government expenditure to government revenue, and if there is bi-directional causality. The results show that there is …
Persistent link: https://www.econbiz.de/10005619314
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Turning point chronology for the Euro-Zone: A Distance Plot Approach.
Addo, Peter Martey; Billio, Monica; Guegan, Dominique - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2013
We propose a transparent way of establishing a turning point chronology for the Euro-zone business cycle. Our analysis is achieve by exploiting the concept of recurrence plots, in this case distance plot, to characterize and detect turning points in the business cycle for any economic system....
Persistent link: https://www.econbiz.de/10010628505
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Turning point chronology for the Euro-Zone: A Distance Plot Approach.
Addo, Peter Martey; Billio, Monica; Guegan, Dominique - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2013
We propose a transparent way of establishing a turning point chronology for the Euro-zone business cycle. Our analysis is achieved by exploiting the concept of recurrence plots, in particular distance plots, to characterize and detect turning points of the business cycle. Firstly, we apply the...
Persistent link: https://www.econbiz.de/10010711870
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Evidence and Ideology in Macroeconomics: The Case of Investment Cycles
Hillinger, Claude - 2005
The paper reports the principal findings of a long term research project on the description and explanation of business cycles. The research strongly confirmed the older view that business cycles have large systematic components that take the form of investment cycles. These quasi-periodic...
Persistent link: https://www.econbiz.de/10010427425
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Uncertainty and spillover effects across the euro area
Angelini, Giovanni; Costantini, Mauro; Easaw, Joshy Z. - 2018
This paper investigates how macroeconomic uncertainty shocks spillover over four Eurozone countries. It also evaluates their impact on real economic activity. The paper proposes a simple two-country model with a core and a periphery economy, where uncertainty shocks spread from one country to...
Persistent link: https://www.econbiz.de/10012429968
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Identifying Technology Shocks in the Frequency Domain
DiCecio, Riccardo - 2010
Since Galí [1999], long-run restricted VARs have become the standard for identifying the effects of technology shocks. In a recent paper, Francis et al. [2008] proposed an alternative to identify technology as the shock that maximizes the forecast-error variance share of labor productivity at...
Persistent link: https://www.econbiz.de/10013139541
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The Low-Frequency Impact of Daily Monetary Policy Shocks
Francis, Neville - 2012
With rare exception, studies of monetary policy tend to neglect the timing of innovations to monetary policy instruments. Models which take timing seriously are often difficult to compare to standard monetary VARs because each uses different frequencies. We propose using MIDAS regressions that...
Persistent link: https://www.econbiz.de/10013115013
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The Low-Frequency Impact of Daily Monetary Policy Shocks
Francis, Neville - 2012
With rare exception, studies of monetary policy tend to neglect the timing of the innovations to the monetary policy instrument. Models which do take timing seriously are often difficult to compare to standard VAR models of monetary policy because of the differences in the frequency that they...
Persistent link: https://www.econbiz.de/10013115274