Narrow search
Showing 1 - 10 of 110,926
Cover Image
Macroeconomic aspects of European integration : fiscal policy, trade integration and the European business cycle
Crespo Cuaresma, Jesús; Pfaffermayr, Michael; Amador, … - 2011
We analyze the role of fiscal policy and intra-European trade in business cycle synchronization in the EU for the … between trade integration and cyclical synchronization are subject to endogeneity problems. We instrument fiscal budget … trade integration are important determinants of cyclical synchronization. We can conclude that once a high degree of trade …
Persistent link: https://www.econbiz.de/10011392349
Cover Image
Macroeconomic Aspects of European Integration: Fiscal Policy, Trade Integration and the European Business Cycle
Crespo-Cuaresma, Jesús; Pfaffermayr, Michael; Amador, … - 2011
We analyze the role of fiscal policy and intra-European trade in business cycle synchronization in the EU for the … between trade integration and cyclical synchronization are subject to endogeneity problems. We instrument fiscal budget … trade integration are important determinants of cyclical synchronization. We can conclude that once a high degree of trade …
Persistent link: https://www.econbiz.de/10011345634
Cover Image
Without Oil, How Do Gulf Countries Move? Non-hydrocarbon Business Cycles
Cevik, Serhan - In: Journal of Economic Integration 29 (2014), pp. 244-266
synchronization in nonhydrocarbon business cycles across the GCC economies and a decline in the degree of synchronicity in the 2000s …
Persistent link: https://www.econbiz.de/10010840745
Cover Image
The endogeneity of business cycle synchronisation in SADC : a GMM approach
Nzimande, Ntokozo Patrick; Ngalawa, Harold - In: Cogent economics & finance 5 (2017) 1, pp. 1-14
Studies often conclude that the proposed Southern African Development Community monetary union would be disastrous and not optimal for all member countries. This is because of the observed low, and sometimes negative business cycle correlation amongst member countries. However, it has been...
Persistent link: https://www.econbiz.de/10011882592
Cover Image
The endogeneity of business cycle synchronisation in SADC: A GMM approach
Nzimande, Ntokozo Patrick; Ngalawa, Harold - In: Cogent Economics & Finance 5 (2017) 1, pp. 1-14
Studies often conclude that the proposed Southern African Development Community monetary union would be disastrous and not optimal for all member countries. This is because of the observed low, and sometimes negative business cycle correlation amongst member countries. However, it has been...
Persistent link: https://www.econbiz.de/10011988780
Cover Image
Trade Integration and Business Cycle Synchronization in the EMU: the Negative Effect of New Trade Flows
Pentecôte, Jean-Sébastien; Poutineau, Jean-Christophe; … - Centre de Recherche en Économie et Management (CREM) - 2013
This paper questions the impact of trade integration on business cycle synchronization in the EMU by distinguishing … model, we find that synchronization is weakened when new firms are allowed to export in response to productivity gains … trade intensity has a positive direct effect while new trade flows have a negative effect on business cycle synchronization …
Persistent link: https://www.econbiz.de/10010854393
Cover Image
A sustainable Euro area with exit options
Ritzen, Jozef M. M.; Haas, Jasmina - 2016
All explorations of the future of the Euro show serious risks for its survival in the present form. The road map of the Five EU Presidents presented in 2015 is far from sufficient to reduce the risks of the Euro zone falling apart by Brexit type developments or new economic shocks. The EU...
Persistent link: https://www.econbiz.de/10011582732
Cover Image
The effect of asymmetries in fiscal policy conducts on business cycle correlation in the EU
Rozmahel, Petr; Grochová, Ladislava Issever; Litzman, Marek - 2014
The paper examines the effects of asymmetries in fiscal policy conduct upon the correlation of business cycles in the European Union. In particular the paper estimates the effects of fiscal indiscipline and dissimilarity on business cycle correlation in the period 1996-2012 using a panel of 27...
Persistent link: https://www.econbiz.de/10010429842
Cover Image
Business cycle correlation between the Euro area and the Balkan countries
Gouveia, Sofia - In: International Journal of Business and Economic Sciences … 7 (2014) 1, pp. 33-49
This paper examines the degree of trade integration and business cycle synchronisation between eight Balkan countries and the Euro area over the period 2000:1-2011:4. The main findings are that Slovenia and the Former Yugoslav Republic of Macedonia exhibit a high level of openness relative to...
Persistent link: https://www.econbiz.de/10011200094
Cover Image
China and the World economy: Wavelet spectrum analysis of business cycles
Pomenková, Jitka; Fidrmuc, Jarko; Korhonen, Iikka - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2014
-movement synchronization between G7 countries and China is shown to have undergone frequent and large changes during our sample period. The co …-movements for business cycle frequencies are generally different from those for other frequencies, and synchronization with China … synchronization at business-cycle frequency. We find a significant relationship between the time-varying wavelet measure of …
Persistent link: https://www.econbiz.de/10011191519