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Foreign customer accumulation and export dynamics

Tjaden, Volker - 2013

I present a dynamic fixed cost model of export participation extended by a capital theoretic concept of the customer stock. Plants that want to start exporting have to invest into a market specific factor which serves as input into a decreasing returns to scale technology generating sales...

Persistent link: https://www.econbiz.de/10010191654

Economic integration and the exchange rate regime : how damaging are currency crises?

Weber, Axel A.; Beck, Günter W. - 2003 - This version: October 2003

We use consumer price data for 205 cities/regions in 21 countries to study PPP deviations before, during and after the major currency crises of the 1990s. We combine data from industrialized nations in North America (Unites States, Canada and Mexico), Europe (Germany, Italy, Spain and Portugal),...

Persistent link: https://www.econbiz.de/10009767677

Can Indeterminacy and Self-Fulfilling Expectations Help Explain International Business Cycles? A Preliminary Investigation

McKnight, Stephen - 2016

We introduce equilibrium indeterminacy into a two-country incomplete asset model with imperfect competition and analyze whether self-fulfilling, belief-driven fluctuations (i.e., sunspot shocks) can help resolve the major puzzles of international business cycles. We find that a combination of...

Persistent link: https://www.econbiz.de/10013004783

International Spillovers of Output Growth and Output Growth Volatility : Evidence from the G7 Countries

Antonakakis, Nikolaos - 2014

This paper examines the transmission of GDP growth and GDP growth volatility among the G7 countries over the period 1960Q1 – 2010Q4, using a multivariate GARCH model and volatility impulse response functions (VIRFs) to identify the source, magnitude and the duration of volatility spillovers....

Persistent link: https://www.econbiz.de/10013058576

International spillovers of output growth and output growth volatility : evidence from the G7

Antonakakis, Nikolaos; Badinger, Harald - 2010

Persistent link: https://www.econbiz.de/10008903111

International Spillovers of Output Growth and Output Growth Volatility : Evidence from the G7

Antonakakis, Nikolaos; Badinger, Harald - 2010

This paper examines the transmission of GDP growth and GDP growth volatility among the G7 countries over the period 1960 q1 - 2009 q3, using a multivariate generalized autoregressive conditional heteroskedasticity (MGARCH) model to identify the source and magnitude of spillovers. Results...

Persistent link: https://www.econbiz.de/10011374385

Low pass-through and high spillovers in NOEM: what does help and what does not

De Walque, Gregory; Lejeune, Thomas; Rannenberg, Ansgar; … - 2020

This paper jointly analyses two major challenges of the canonical NOEM model: i) combining a relatively important exchange rate pass-through at the border with low pass-through at the consumer level, and ii) generating significant endogenous international business cycle synchronization. These...

Persistent link: https://www.econbiz.de/10012243783

Has Globalization Increased the Synchronicity of International Business Cycles?

Berge, Travis J. - 2013

The past 30 years have been witness to an inexorable change in the degree to which economies are connected internationally. At the same time, the 2007-2008 recession was the first ‘global recession' in decades. This article explores how international trade and cross-border holdings financial...

Persistent link: https://www.econbiz.de/10013089829

The effect of alternative measures of distance on the correlation of real effective exchange rate returns : an approach to contagion analysis

Coulom, Jean; Shenai, Vijay - In: International Journal of Financial Studies : open … 6 (2018) 4, pp. 1-18

The topic of contagion has gained importance in the last few decades, earning its place amongst the most debated topics … in international economics. Contagion is a phenomenon where market disturbances in crisis times are observed to spread … flows. Analysing contagion and, more important, being able to make an on-coming prediction successfully helps economic …

Persistent link: https://www.econbiz.de/10011964042

Rare shocks, great recessions

Cúrdia, Vasco; Del Negro, Marco; Greenwald, Daniel L. - 2012

We estimate a DSGE model where rare large shocks can occur, but replace the commonly used Gaussian assumption with a Student's t-distribution. Results from the Smets and Wouters (2007) model estimated on the usual set of macroeconomic time series over the 1964-2011 period indicate that 1) the...

Persistent link: https://www.econbiz.de/10010219714