Showing 1 - 10 of 65
The evolution of the convergence among the European countries, including both Eurozone as well as non-Eurozone economies, is investigated in this paper. To do so, we construct correlation-based networks and study them by employing the Threshold Weighted-Minimum Dominating Set (TW-MDS) algorithm...
Persistent link: https://www.econbiz.de/10014332656
This paper explores the extent to which workers are willing to trade hours worked for leisure time shared with their spouse. This parameter is essential to properly assess contemporary trends in the regulation of work and leisure time. We use the fact that the number and timing of paid vacation...
Persistent link: https://www.econbiz.de/10013351744
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
We propose and implement an index of macroeconomic vulnerability to foreign shocks based on a structural time-varying bayesianVARwith a block-exogeneity hypothesis for a given pair of a large economy and a small open economy. The index is based on the sum of the responses of the small open...
Persistent link: https://www.econbiz.de/10014388402
analyzes the cyclical synchronization of wine exports for the ten main European wine-producing countries with the aggregate …-trending techniques, and Spearman's rank correlations and concordance indices are calculated to analyze the synchronization and … interaction between cycles. The results for the exports, by value, revealed a strong degree of synchronization over the whole …
Persistent link: https://www.econbiz.de/10014485120
In this article, we measure changes in the synchronization of housing price cycles across Spanish cities over time. We … city-level housing cycle synchronization. The estimates suggest that Spanish housing prices have followed a convergence … factors in explaining the evolution of housing price synchronization among Spanish cities. …
Persistent link: https://www.econbiz.de/10014496156
Pervasive and ubiquitous oscillations, mapping the repetitive variation in time of a specific state, are well known as abundant phenomena in research and practice. Motivated by the success of oscillators in the modelling, analysis and control of dynamical systems, we developed a related approach...
Persistent link: https://www.econbiz.de/10014501641
generate stronger comovement, because they combine shock propagation with synchronization of endogenous dynamics. In particular … synchronization. Next, we calibrate the model to data on 24 countries and show that the empirical level of comovement can only be …
Persistent link: https://www.econbiz.de/10014541813
approach, I am able to uncover additional marriage inherent mechanisms that result in a (de-)synchronization of joint time that …
Persistent link: https://www.econbiz.de/10010270810
, 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