decoupling in recent years. We estimate a correlated unobserved components model that allows for persistent and cyclical time … loosened while the co-movement with other variables than GDP has become tighter. The decoupling is of permanent nature. The …

decoupling in recent years. We estimate a correlated unobserved components model that allows for both persistent and cyclical …

imports, the Chinese and European shares are 11.5 percent and 52.7 percent, respectively. • Decoupling the EU from …

Chinese and European shares are 11.5 percent and 52.7 percent, respectively. • Decoupling the EU from China (i.e. almost …