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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/10008872070
-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
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
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
Persistent link: https://www.econbiz.de/10012437522
In this article, we measure changes in the synchronization of housing price cycles across Spanish cities over time. We … city-level housing cycle synchronization. The estimates suggest that Spanish housing prices have followed a convergence … factors in explaining the evolution of housing price synchronization among Spanish cities. …
Persistent link: https://www.econbiz.de/10014496156
In this article, we measure changes in the synchronization of housing price cycles across Spanish cities over time. We … city-level housing cycle synchronization. The estimates suggest that Spanish housing prices have followed a convergence … factors in explaining the evolution of housing price synchronization among Spanish cities. …
Persistent link: https://www.econbiz.de/10014281325
Since the 1990s, the issue of regional income convergence and its long term tendencies has been thoroughly and heatedly discussed. Much less attention, however, has been devoted to the short-run dynamics of regional convergence. In particular, three important aspects have not yet been adequately...
Persistent link: https://www.econbiz.de/10011336229
The aim of the present article is to investigate the economic determinants of the synchronization across regional … business cycles. Our findings indicate two major results: First, low degree of synchronization during 1975-2000 has switched to …
Persistent link: https://www.econbiz.de/10011445875
The aim of the present article is to investigate the economic determinants of the synchronization across regional … business cycles. Our findings indicate two major results: First, low degree of synchronization during 1975-2000 has switched to …
Persistent link: https://www.econbiz.de/10010462522