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Transmission of Business Cycle Shocks between Unequal Neighbours: Germany and Austria

Fenz, Gerhard; Schneider, Martin - 2007

This paper analyses the comovement of the German and Austrian economies and the transmission of German shocks to Austria. Static and dynamic correlation measures show a strong comovement and a change of the relative position in time of these two economies. The transmission of German shocks to...

Persistent link: https://www.econbiz.de/10013370054

Institutions and business cycles

Altug, Sumru; Emin, Mustafa; Neyapti, Bilin - 2011

, we also examine the determinants of business cycle synchronization for the countries in our sample. In contrast to … earlier studies which seek to account for such synchronization using gravity arguments as well as trade intensity and …

Persistent link: https://www.econbiz.de/10010273647

Do Institutions and Culture Matter for Business Cycles?

Altug, Sumru; Canova, Fabio - 2012

cycle features. Business cycle synchronization is tightly related to similarities in the institutional environment …

Persistent link: https://www.econbiz.de/10010500213

Regionalization vs. Globalization

Hirata, Hideaki; Kose, M. Ayhan; Otrok, Christopher - 2013

Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for the evolution of global and regional business cycles. Our model allows us to assess the roles played by the...

Persistent link: https://www.econbiz.de/10010500234

Frequency aspects of information transmission in a network of three Western equity markets

Schmidbauer, Harald; Rösch, Angi; Uluceviz, Erhan - 2016

Cycles in the behavior of stock markets have been widely documented. There is an increasing body of literature on whether stock markets anticipate business cycles or its turning points. Several recent studies assert that financial integration impacts positively on business cycle comovements of...

Persistent link: https://www.econbiz.de/10011696313

Global inflation synchronization

Ha, Jongrim; Kose, M. Ayhan; Ohnsorge, Franziska - 2019

We study the extent of global inflation synchronization using a dynamic factor model in a large set of countries over a … emerging market and developing economies) and to analyze commonalities in inflation synchronization across a wide range of … 2001. Second, inflation synchronization has also become more broad-based: while it was previously much more pronounced …

Persistent link: https://www.econbiz.de/10012060220

Non-uniform staggered prices and output persistence

Söderberg, Johan - 2009

staggering are common, This paper analyzes how synchronization of price changes affects the response to monetary policy shocks. I … synchronization in price setting. …

Persistent link: https://www.econbiz.de/10010321439

How Phillips curve dynamics enhance business cycle synchronization analysis in Central and Eastern Europe

Petz, Nico; Zörner, Thomas - 2025

This paper analyzes business cycle synchronization and the Phillips curve (PC) relationship in Central, Eastern, and … countries. These results highlight the role of EU membership in fostering economic synchronization and emphasize the importance …

Persistent link: https://www.econbiz.de/10015407596