Similarities and convergence in G-7 cycles

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Journal of Monetary Economics, 54(3), 2007, 850-878
http://hdl.handle.net/10230/535
To cite or link this document: http://hdl.handle.net/10230/535
dc.contributor.author Canova, Fabio
dc.contributor.author Ciccarelli, Matteo
dc.contributor.author Ortega, Eva
dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
dc.date.issued 2003-02-01
dc.identifier.citation Journal of Monetary Economics, 54(3), 2007, 850-878
dc.identifier.uri http://hdl.handle.net/10230/535
dc.description.abstract This paper examines the properties of G-7 cycles using a multicountry Bayesian panel VAR model with time variations, unit specific dynamics and cross country interdependences. We demonstrate the presence of a significant world cycle and show that country specific indicators play a much smaller role. We detect differences across business cycle phases but, apart from an increase in synchronicity in the late 1990s, find little evidence of major structural changes. We also find no evidence of the existence of an Euro area specific cycle or of its emergence in the 1990s.
dc.language.iso eng
dc.relation.ispartofseries Economics and Business Working Papers Series; 924
dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.title Similarities and convergence in G-7 cycles
dc.type info:eu-repo/semantics/workingPaper
dc.date.modified 2014-06-03T07:14:16Z
dc.subject.keyword Macroeconomics and International Economics
dc.subject.keyword business cycle
dc.subject.keyword g7
dc.subject.keyword indicators
dc.subject.keyword panel data
dc.subject.keyword bayesian methods
dc.rights.accessRights info:eu-repo/semantics/openAccess


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