کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
968021 931433 2007 29 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Similarities and convergence in G-7 cycles
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Similarities and convergence in G-7 cycles
چکیده انگلیسی

This paper examines the properties of G-7 cycles using a multicountry Bayesian panel VAR model with time variations, unit specific dynamics and cross-country interdependences. We demonstrate the presence of a significant world cycle and show that country specific indicators play a much smaller role. We detect differences across business cycle phases but, apart from an increase in synchronicity in the late 1990s, find little evidence of major structural changes. We also find no evidence of the existence of a Euro specific cycle or of its emergence in the late 1990s.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Monetary Economics - Volume 54, Issue 3, April 2007, Pages 850–878
نویسندگان
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