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, bilateral financial links are inversely related to the co-movement of output. This might point to financial integration allowing …
Persistent link: https://www.econbiz.de/10008515149
, bilateral financial links are inversely related to the co movement of output. This might point to financial integration allowing …
Persistent link: https://www.econbiz.de/10012529961
, bilateral financial links are inversely related to the co-movement of output. This might point to financial integration allowing …
Persistent link: https://www.econbiz.de/10013158173
, bilateral financial links are inversely related to the co-movement of output. This might point to financial integration allowing …
Persistent link: https://www.econbiz.de/10012724072
We analyze empirically whether trade and financial linkages between two countries increase the synchronization of their business cycles directly or indirectly. In a system of equations, we use a newly processed database on the bilateral linkages of a small open economy, namely Spain. We prefer...
Persistent link: https://www.econbiz.de/10012921979
Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for the evolution of global and regional business cycles. Our model allows us to assess the roles played by the...
Persistent link: https://www.econbiz.de/10010500234
Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for the evolution of global and regional business cycles. Our model allows us to assess the roles played by the...
Persistent link: https://www.econbiz.de/10010859370
I use monthly data on industrial production to estimate the distribution of international business cycle correlations since the 1980's, with focus on the current turmoil. The degree of international correlation in national business cycles since the end of 2008 is unprecedented in three decades....
Persistent link: https://www.econbiz.de/10008607504
Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for the evolution of global and regional business cycles. Our model allows us to assess the roles played by the...
Persistent link: https://www.econbiz.de/10011185996
-country general equilibrium model, where the degree of market integration depends directly on trade costs (transport costs, tariffs … integration, as the relative price of foreign goods falls and households increase their consumption of imported goods. In addition …, with more market integration, the model predicts that the variability of the real exchange rate should fall, while the …
Persistent link: https://www.econbiz.de/10012783054