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The Desirability of a Dollar Appreciation, Given a Contractionary U.S. Monetary Policy

Frankel, Jeffrey A. - 1983

the dollar in particular.In the appreciating country, the U.S., export industries lose competitiveness and so output falls … for the dollar to appreciate in the sense that it allows each country to attain the best possible tradeoff between … disproportionate loss in output if European currencies were not allowed to depreciate against the dollar …

Persistent link: https://www.econbiz.de/10012477992

Behavioralize This! International Evidence on Autocorrelation Patterns of Stock Index and Futures Returns

Ahn, Dong-Hyun - 1999

autocorrelations close to zero, (ii) these autocorrelation differences between spot and futures markets are maintained even under … conditions favorable for spot-futures arbitrage, and (iii) these autocorrelation differences are most prevalent during low volume …

Persistent link: https://www.econbiz.de/10012471575

An Econometric Model of Serial Correlation and Illiquidity in Hedge Fund Returns

Getmansky, Mila - 2003

The returns to hedge funds and other alternative investments are often highly serially correlated in sharp contrast to the returns of more traditional investment vehicles such as long-only equity portfolios and mutual funds. In this paper, we explore several sources of such serial correlation...

Persistent link: https://www.econbiz.de/10012469129

The Dynamics of Housing Prices

Titman, Sheridan - 2014

We analyze the prices of owner-occupied housing in 97 metropolitan areas between 1980 and 2011. Our tests indicate that price changes exhibit positive serial correlation at the one year intervals, with subsequent reversals of price changes over longer intervals. Consistent with our simple model,...

Persistent link: https://www.econbiz.de/10012458248

A Currency of One's Own? An Empirical Investigation on Dollarization and Independent Currency Unions

Edwards, Sebastian - 2003

In this paper we analyze whether common currency' countries that is, dollarized and independent currency union countries have outperformed countries that have a currency of their own. The paper is empirical and estimates jointly the probability of being a common currency country and outcome'...

Persistent link: https://www.econbiz.de/10012469189

Large firms and international business cycle comovement

Di Giovanni, Julian; Levchenko, Andrei A.; Méjean, Isabelle - In: The American economic review 107 (2017) 5, pp. 598-602

Persistent link: https://www.econbiz.de/10011786208

How does globalization affect the synchronization of business cycles?

Kose, M. Ayhan; Prasad, Eswar S.; Terrones, Marco E. - In: The American economic review 93 (2003) 2, pp. 57-62

Persistent link: https://www.econbiz.de/10001776771

Trade Linkages and Output-Multiplier Effects : A Structural VAR Approach with a Focus on Asia

Abeysinghe, Tilak - 2001

This paper develops a structural VAR model to measure how a shock to one country can affect the GDP of other countries. It uses trade linkages to estimate the multiplier effects of a shock as it is transmitted through other countries' output fluctuations. The paper introduces a new specification...

Persistent link: https://www.econbiz.de/10012470116

Variable Factor Utilization and International Business Cycles

Baxter, Marianne - 2001

When an economic boom produces high output, employment, and investment in the United States, there is usually a simultaneous boom in other industrialized countries. But, why? Answering this question is a central goal of international macroeconomics. However, multi-country dynamic equilibrium...

Persistent link: https://www.econbiz.de/10012470328

The Asian Flu and Russian Virus : Firm-level Evidence on How Crises are Transmitted Internationally

Forbes, Kristin - 2000

This paper uses firm-level information to evaluate how crises are transmitted internationally. It constructs a new data set of financial statistics, industry information, geographic data, and stock returns for over 10,000 companies in 46 countries to test what types of firms were most affected...

Persistent link: https://www.econbiz.de/10012470943

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