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Do Institutions and Culture Matter for Business Cycles?

Altug, Sumru; Canova, Fabio - İktisat Bölümü, İktisadi ve İdari Bilimler Fakültesi - 2012

cycle features. Business cycle synchronization is tightly related to similarities in the institutional environment …

Persistent link: https://www.econbiz.de/10011147551

Hirata, Hideaki; Kose, M. Ayhan; Otrok, Christopher - Crawford School of Public Policy, Australian National … - 2013

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

Institutions and Business Cycles

Altug, Sumru G.; Emin, Mustafa; Neyapti, Bilin - C.E.P.R. Discussion Papers - 2012

determinants of business cycle synchronization for the countries in our sample, we also demonstrate that the bilateral proximity of …

Persistent link: https://www.econbiz.de/10011083779

Do Institutions and Culture Matter for Business Cycles?

Altug, Sumru G.; Canova, Fabio - C.E.P.R. Discussion Papers - 2013

duration of expansions is shorter; the amplitude and the output costs of recessions are larger; and cyclical synchronization is … synchronization. By contrast, differences in cultural indicators account for relative differences in the persistence, the volatility … and the synchronization of cyclical fluctuations. Theoretical and policy implications are discussed. …

Persistent link: https://www.econbiz.de/10011084013

The synchronization of European credit cycles

Meller, Barbara; Metiu, Norbert - 2015

We study the synchronization of credit booms and busts among 12 major European economies and the United States between … credit cycle synchronization. …

Persistent link: https://www.econbiz.de/10011301350

The synchronization of European credit cycles

Meller, Barbara; Metiu, Norbert - 2015

We study the synchronization of credit booms and busts among 12 major European economies and the United States between … credit cycle synchronization. …

Persistent link: https://www.econbiz.de/10011299045

Business cycle correlation between the Euro area and the Balkan countries

Gouveia, Sofia - In: International Journal of Economic Sciences and Applied … 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/10011310264

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

Synchronization of endogenous business cycles

Pangallo, Marco - 2023

generate stronger comovement, because they combine shock propagation with synchronization of endogenous dynamics. In particular … synchronization. Next, we calibrate the model to data on 24 countries and show that the empirical level of comovement can only be …

Persistent link: https://www.econbiz.de/10014541813

Financial integration and the co-movement of economic activity: Evidence from U.S. states

Götz, Martin; Gozzi, Juan Carlos - 2021

We analyze the effect of the geographic expansion of banks across U.S. states on the co-movement of economic activity between states. Exploiting the removal of interstate banking restrictions to construct time-varying instrumental variables at the state-pair level, we find that bilateral banking...

Persistent link: https://www.econbiz.de/10012658052