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Policy response to external shocks: Lessons from the crisis

Capistrán, Carlos; Cuadra, Gabriel; Ramos-Francia, Manuel - 2011

Emerging economies have been subject to abrupt reversals in capital inflows, which have adverse consequences for economic activity and financial stability. An important question for policymakers is how to respond to a sudden loss of external financing and its negative effects on the domestic...

Persistent link: https://www.econbiz.de/10010322619

The impact of the global financial crisis on business cycles in Asian emerging economies

Fidrmuc, Jarko; Korhonen, Iikka - 2009

We analyze the transmission of global financial crisis to business cycles in China and India. The pattern of business cycles in emerging Asian economies generally displays a low degree of synchronization with the OECD countries, which is consistent with the decoupling hypothesis. By contrast,...

Persistent link: https://www.econbiz.de/10010274462

China in the world economy: Dynamic correlation analysis of business cycles

Fidrmuc, Jarko; Bátorová, Ivana - 2008

negative correlation dominates for nearly all countries, we can also see large differences for various frequencies of cyclical …

Persistent link: https://www.econbiz.de/10010284634

Real wages over the business cycle: OECD evidence from the time and frequency domains

Messina, Julián; Strozzi, Chiara; Turunen, Jarkko - 2008

positive correlation between the cyclicality of real wages and employment, suggesting that policy complementarities may …

Persistent link: https://www.econbiz.de/10010275887

Dynamic Correlations and Optimal Hedge Ratios

Bos, Charles S.; Gould, Phillip - 2007

The focus of this article is using dynamic correlation models for the calculation of minimum variance hedge ratios …. Modelling the correlation explicitly is shown to produce the best hedges when applied to the simulated data. For financial time … are compared to a realised correlation measure, extracted from high frequency data. Apart from the comparison of …

Persistent link: https://www.econbiz.de/10010325498

Real wages over the business cycle: OECD evidence from the time and frequency domains

Messina, Julián; Strozzi, Chiara; Turunen, Jarkko - 2009

positive correlation between the cyclicality of real wages and employment, suggesting that policy complementarities may …

Persistent link: https://www.econbiz.de/10011605049

Short-run and long-run comovement of GDP and some expenditure aggregates in Germany, France and Italy

Knetsch, Thomas A. - 2005

inventories are analyzed with a focus on synchronicity. To measure crosscountry comovement at different frequencies, "cohesion", a …

Persistent link: https://www.econbiz.de/10010295784

Is the US Current Account Deficit Sustainable?

Cooper, Richard N. - In: CESifo Forum 06 (2005) 1, pp. 3-7

Persistent link: https://www.econbiz.de/10011695780

Business cycle dynamics in the CEE countries: a political economy approach

Adalet, Müge; Öz, Sumru - 2010

This paper uses a simple VAR analysis to examine 5 CEE countries (the Czech Republic, Hungary, Poland, Romania and Slovakia) in order to understand whether their business cycles are synchronized with each other and/or with the major economies that they are supposed to be linked with, namely the...

Persistent link: https://www.econbiz.de/10010273651

Business cycle convergence in EMU: A second look at the second moment

Crespo-Cuaresma, Jesús; Fernández-Amador, Octavio - 2010

We analyse the dynamics of the standard deviation of demand shocks and of the demand component of GDP across countries in the European Monetary Union (EMU). This analysis allows us to evaluate the patterns of cyclical comovement in EMU and put them in contrast to the cyclical performance of the...

Persistent link: https://www.econbiz.de/10010294756