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Bandrés, Eduardo - 2017

Large contractionary shocks such as the Great Recession or the sovereign debt crisis in Europe have rekindled interest in analyzing the overall patterns of business cycles. We study these patterns for Europe both at the national and the regional level. We first examine business cycles'...

Persistent link: https://www.econbiz.de/10012965406

Are Business Cycles in the US and Emerging Economies Synchronized?

Krupa, Piotr; Skrzypczynski, Pawel - 2012

a structural convergence between the developed and emerging world which could be expected to persist into the future. In …

Persistent link: https://www.econbiz.de/10014170689

Macroeconomic Fluctuations in Sub-Saharan Africa

Hoffmaister, Alexander W.; Roldos, Jorge E.; Wickham, Peter - 1999

The sources of macroeconomic fluctuations in sub-Saharan African are examined by comparing the CFA franc countries with the non-CFA franc countries. External shocks, especially terms of trade shocks, appear to have a greater influence on fluctuations of output and the real exchange rate in CFA...

Persistent link: https://www.econbiz.de/10014057360

The Dynamics of the Permanent and Transitory Components in International Business Cycles

Papanyan, Shushanik - 2007

This paper proposes a generalized multivariate framework to measure the significance of common permanent and transitory components in international business cycle fluctuations. I employ a multivariate unobserved components model with Markov regime switching to investigate the nonlinear dynamics...

Persistent link: https://www.econbiz.de/10014062640

On Business Cycle Asymmetries in G7 Countries

Kiani, Khurshid M.; Bidarkota, Prasad V. - 2004

We investigate whether business cycle dynamics in seven industrialized countries (the G7) are characterized by asymmetries in conditional mean. We provide evidence on this issue using a variety of time series models. Our approach is fully parametric. Our testing strategy is robust to any...

Persistent link: https://www.econbiz.de/10014070670

On Business Cycle Asymmetries in G7 Countries

Kiani, Khurshid M.; Bidarkota, Prasad V. - 2011

Persistent link: https://www.econbiz.de/10014075295

The Role of Structural Common and Country-Specific Shocks in the Business Cycle Dynamics of the G7 Countries

Seymen, Atilim; Kappler, Marcus - 2009

The study analyses the business cycles of the G7 countries in a structural vector autoregression (SVAR) framework comprising output, nominal interest rate and inflation. Common and country-specific supply, demand and nominal shocks of each G7 country are identified, and the corresponding shock...

Persistent link: https://www.econbiz.de/10014208507

Global business cycles: convergence or decoupling?

Kose, M. Ayhan (contributor); … - 2008

This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groupsindustrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose...

Persistent link: https://www.econbiz.de/10003794406

Institutions and business cycles

Altuğ, Sumru; Emin, Mustafa; Neyaptı, Bilin - 2011

This paper investigates the relationship between the main business cycles features and the institutional and structural characteristics of countries in which they are observed. We derive the business cycle characteristics of the individual countries using the nonparametric Harding-Pagan...

Persistent link: https://www.econbiz.de/10008988425

China's emergence in the world economy and business cycles in Latin America

Cesa-Bianchi, Ambrogio; Pesaran, M. Hashem; Rebucci, … - 2011

world have altered the transmission mechanism of international business cycles to Latin America. Evidence based on a Global … world shows that the long-term impact of a China GDP shock on the typical Latin American economy has increased by three … associated with a deceleration in China's economic growth in the future for both Latin America and the rest of the world economy …

Persistent link: https://www.econbiz.de/10009311486