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, they lower the degree of business cycle synchronization within the OECD area. …
Persistent link: https://www.econbiz.de/10012148551
-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/10012148722
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
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/10010459812
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/10012651086
degree of business cycle synchronization within the OECD area, especially at business-cycle frequencies. Thus, different …
Persistent link: https://www.econbiz.de/10009399625
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
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/10013489752
This paper examines the emergence of economic clubs and its coherence with the european commitments. to this end, it analyses business cycle comovements in six industrialised economies, which are pooled into several clusters. results lead to conclude that an english-speaking club (canada, uk,...
Persistent link: https://www.econbiz.de/10005062935
, they lower the degree of business cycle synchronization within the OECD area. …
Persistent link: https://www.econbiz.de/10005190677