Similar Search Results

What Has Caused Global Business Cycle Decoupling : Smaller Shocks or Reduced Sensitivity?

Berger, Tino - 2017

According to a growing body of empirical literature, global shocks have become less important for business cycles in industrialized countries and emerging market economies since the mid-1980s. In this paper, we analyze the question of what might have caused a decoupling from the global business...

Persistent link: https://www.econbiz.de/10012965569

What has caused global business cycle decoupling : smaller shocks or reduced sensitivity?

Berger, Tino; Richter, Julia - 2017

Persistent link: https://www.econbiz.de/10011584095

A counterfactual economic analysis of Covid-19 using a threshold augmented multi-country model

Chudik, Alexander; Mohaddes, Kamiar; Pesaran, M. Hashem; … - 2020

observations. Our results show that the Covid-19 pandemic will lead to a significant fall in world output that is most likely long …

Persistent link: https://www.econbiz.de/10012293790

The global financial cycle and macroeconomic tail risks

Beutel, Johannes; Emter, Lorenz; Metiu, Norbert; … - 2022

the world. By tightening financial conditions globally, these shocks affect the left tail of the conditional output growth …

Persistent link: https://www.econbiz.de/10013459721

Global risk and the dollar

Georgiadis, Georgios; Müller, Gernot J.; Schumann, Ben - 2023

transmission of global risk to the world economy within a Bayesian proxy structural vectorautoregressive model. We identify global …, the contractionary impact of a global risk shock is much weaker, both in the rest of the world and the US. For the rest of … the world, contractionary financial channels thus dominate expansionary expenditure switching when global risk rises and …

Persistent link: https://www.econbiz.de/10014438127

International business cycles and financial frictions

Yao, Wen - 2012

This paper builds a two-country DSGE model to study the quantitative impact of financial frictions on business cycle co-movements when investors have foreign asset exposure. The investor in each country holds capital in both countries and faces a leverage constraint on her debt. I show...

Persistent link: https://www.econbiz.de/10009565861

How important are global factors for understanding the dynamics of international capital flows?

Eller, Markus; Huber, Florian; Schuberth, Helene - 2018

We propose a dynamic factor model with time-varying parameters and stochastic volatility to analyze the relationship between global factors and country-specific capital flow dynamics. Studying a global sample of 43 countries from 1994 until 2015, we show that global co-movement of macroeconomic,...

Persistent link: https://www.econbiz.de/10011929696

The Global Impact of the Systemic Economies and MENA Business Cycles

Cashin, Paul Anthony - 2013

Cooperation Council (GCC) countries and MENA oil exporters to the rest of the world. This analysis is based on a Global Vector …

Persistent link: https://www.econbiz.de/10013088734

The effects of external shocks on the business cycle in China : a structural change perspective

Murach, Michael; Wagner, Helmut - 2019 - Update May 2019

We study the effects of external shocks on the business cycle in China and its sectors (agriculture, industry, and services) in terms of real GDP growth using several small dimensional VAR models with Cholesky identification for the period 1996--2014. We show that China - in particular its...

Persistent link: https://www.econbiz.de/10012205577

International transmission of quantitative easing policies : evidence from Canada

Kabaca, Serdar; Tuzcuoglu, Kerem - 2022 - Last updated: June 29, 2022

What are the cross-border spillovers from major economies' quantitative easing (QE) policies to their trading partners? We provide evidence by concentrating on spillovers from the US to Canada during the zero lower bound period when QE policies were actively used. We identify QE shocks in the US...

Persistent link: https://www.econbiz.de/10013264909