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We analyze business cycle convergence in the EU by focusing on the decoupling vs. convergence hypothesis for central …) and cyclical correlation. The results are mainly driven by smaller countries, which can be explained by the fact that … correlation levels of CESEE countries with the EA after their EU accession in 2004. Finally, we find a significant decoupling of …
Persistent link: https://www.econbiz.de/10013064345
Sweden and the Euro Area, Germany, and France. The second highest correlation was observed for the Czech Republic followed by …
Persistent link: https://www.econbiz.de/10013191264
the convergence in labor productivity between EU member states, while the more likely low growth scenario shows a serious …
Persistent link: https://www.econbiz.de/10011582732
This article investigates the effects of the different exchange rate regimes on business cycles comovement between advanced and emerging countries. We use the Granger Causality test (VAR model) on panel data to examine the causal relationships. Our findings show the existence of a bidirectional...
Persistent link: https://www.econbiz.de/10015074202
that international real business cycle models should be predicting a much stronger link between trade and the correlation …
Persistent link: https://www.econbiz.de/10012840130
This paper uses a data set covering the universe of French firm-level sales, imports, and exports over the period 1993-2007 and a quantitative multi-country model to study the international transmission of business cycle shocks at both the micro and the macro levels. The largest firms are both...
Persistent link: https://www.econbiz.de/10012319273
This paper uses a data set covering the universe of French firm-level sales, imports, and exports over the period 1993-2007 and a quantitative multi-country model to study the international transmission of business cycle shocks at both the micro and the macro levels. The largest firms are both...
Persistent link: https://www.econbiz.de/10014090698
This article investigates the effects of the different exchange rate regimes on business cycles comovement between advanced and emerging countries. We use the Granger Causality test (VAR model) on panel data to examine the causal relationships. Our findings show the existence of a bidirectional...
Persistent link: https://www.econbiz.de/10013373499
This work analyses the effects of the slowdown that has hit Germany since 2018 on the Italian economy using data from Banca d’Italia’s Survey of Inflation and Growth Expectations. First, we briefly argue that these two economies are highly interconnected and describe the slowdown that has...
Persistent link: https://www.econbiz.de/10013313730
We develop an empirical framework that allows us to account for producer-country, industry, and demand shocks as drivers of volatility at the industry level in open economies. Our methodology separately accounts for demand shocks originating in the home and foreign markets. Using a panel of...
Persistent link: https://www.econbiz.de/10011657322