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Friday, July 17, 2020 | History

4 edition of Determinants of business cycle comovement found in the catalog.

Determinants of business cycle comovement

Marianne Baxter

Determinants of business cycle comovement

a robust analysis

by Marianne Baxter

  • 242 Want to read
  • 27 Currently reading

Published by Federal Reserve Bank of Chicago in [Chicago, Ill.] .
Written in English


Edition Notes

StatementMarianne Baxter, Michael Kouparitsas.
SeriesWorking paper series ;, WP-2004-14, Working paper series (Federal Reserve Bank of Chicago. Research Dept. : Online) ;, WP-2004-14.
ContributionsKouparitsas, Michael A.
Classifications
LC ClassificationsHG2401
The Physical Object
FormatElectronic resource
ID Numbers
Open LibraryOL3390473M
LC Control Number2004620152

In his book “Prosperity and Depression” published in , Gottfried Haberler emphasizes the role of behavioral biases and shocks to expectations in generating and amplifying business cycles. His discussion draws on a large body of work, including contributions by Taussig (), Lavington (), Pigou (), and Keynes (). Business cycle synchronicity might occur because countries experience shocks common to all countries (e.g., oil price shocks that increase or decrease the price of oil for everyone) or shocks common to countries in the same region (e.g., weather disruptions or regional conflicts).

  We identify measures of shocks to total factor productivity and preferences from two real business cycle models and subject them to Granger causality tests to see whether they can be considered exogenous to other plausible sources of the German business cycle. For West German data from i to iv we conclude that our measures of shocks are indeed exogenous. Theses Doctoral. Essays on Business Cycles. Nguyen, Thuy Lan. The topic of my dissertation is to understand the sources of business cycles. In particular, using structural estimation, I quantitatively investigate different types of shocks that propagate within a country (Chapter One) and that cause business cycle comovement across countries (Chapter Two and Three).

  The book is ostensibly about predicting the turning points in the business cycle so as to help guide business and investment decisions. In the introduction, the authors write "It really is.   Sometimes the business cycle is also referred to as the trade cycle or the economic cycle. One entire business cycle is the completion of an expansion and a contraction sequentially. An expansion takes place when the economy is growing; a contraction happens when the economy goes into decline (otherwise known as a recession).


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Determinants of business cycle comovement by Marianne Baxter Download PDF EPUB FB2

Determinants of business cycle comovement. Cambridge, Mass.: National Bureau of Economic Research, © (OCoLC) Material Type: Internet resource: Document Type: Book, Internet Resource: All Authors / Contributors: Marianne Baxter; Michael A Kouparitsas; National Bureau of Economic Research.

This paper investigates the determinants of business cycle comovement between countries. Our dataset includes over countries, both developed and developing.

We search for variables that are robust' in explaining comovement, using the approach of Leamer (). Determinants of Business Cycle Comovement: A Robust Analysis Marianne Baxter, Michael A.

Kouparitsas. NBER Working Paper No. Issued in September NBER Program(s):Economic Fluctuations and Growth, International Finance and Macroeconomics.

This paper investigates the determinants of business cycle comovement between by: These authors study the determinants of business-cycle synchronization using a variety of country samples and economic variables. Recent contributions by Kose and Yi (,) explore the ability of dynamic, stochastic general equilibrium models to explore various theoretical explanations for the finding that stronger Determinants of business cycle comovement book.

This paper investigates the determinants of business cycle comovement between countries. Our dataset includes over countries, both developed and developing. We search for variables that are “robust” in explaining comovement, using the approach of Leamer (Amer.

Econom. Rev. 73 () 31).Cited by: This paper investigates the determinants of business cycle comovement between countries. Our dataset includes over countries, both developed and developing.

We search for variables. affecting positively the business cycle. Subsequent research focused on the robustness of this result, by considering additional determinants of business cycle correlations. Many alternative factors were proposed: 1) industrial specialization (Imbs (,)) 2) production asymmetries (Calderon.

The capital stock varies little at business cycle frequencies ( years). REAL BUSINESS CYCLES 3 3. Productivity growth (as measured by the Solow residual) is procyclical, though not nearly as much as labor input. In other words, most of the output loss in recessions can be traced to unemployment.

Wages vary less than productivity, and. Downloadable. Author(s): Marianne Baxter & Michael A. Kouparitsas. Abstract: This paper investigates the determinants of business cycle comovement between countries.

Our dataset includes over countries, both developed and developing. We search for variables that are?robust. in explaining comovement, using the approach of Leamer ().

Abstract: This paper investigates the determinants of business cycle comovement between countries. Our dataset includes over countries, both developed and developing. We search for variables that are robust' in explaining comovement, using the approach of Leamer ().

Determinants of Business Cycle Comovement: A Robust Analysis By Marianne Baxter, Michael A. Kouparitsas This paper investigates the determinants of business cycle comovement between countries.

Our dataset includes over countries, both developed and developing. determinants of business-cycle comovement. The difficulty is that there are many potentialcandidateexplanations.

One leading candidate is trade. Frankel and Rose () present empirical are robustly correlated with business-cycle comovement. In order to interpret the. Kehoe, P. Comment on: "Determinants of business cycle comovement: A robust analysis". Journal of Monetary Economics, 52(1), Determinants of business cycle comovement: a robust analysis.

Marianne Baxter and Michael Kouparitsas () No WP, Working Paper Series from Federal Reserve Bank of Chicago.

Abstract: This paper investigates the determinants of business cycle comovement between countries. Our dataset includes over countries, both developed and developing. Comment on: "Determinants of business cycle comovement: A robust analysis" Article in Journal of Monetary Economics 52(1) February with 7 Reads How we measure 'reads'.

Cash Conversion Cycle In management accounting, cash conversion cycle (CCC) measures how long a firm will be deprived of cash if it increases its investment in resources in order to expand customer sales.

It is thus a measure of the liquidity risk entailed by growth (Carstens, ) Cost of Goods Sold (COGS). Determinants of Business Cycle Comovement: A Robust Analysis}, year = {}} Share.

OpenURL. Abstract. The views expressed herein are those of the authors and not necessarily those of the Federal Reserve Bank of Chicago or the Federal Reserve System. We thank Carrie Jankowski and Faisal Ahmed for excellent research assistance.

BibTeX @MISC{Kouparitsas04patrickkehoe’s, author = {Michael Kouparitsas and Patrick J. Kehoe}, title = {Patrick Kehoe’s Comment on “Determinants of Business Cycle Comovement: A Robust Analysis ” by Marianne Baxter and}, year = {}}.

Beige Book Research We conduct world-class research to inform and inspire policymakers and the public. Economists Research Groups Patrick Kehoe’s Comment on “Determinants of Business Cycle Comovement: A Robust Analysis” by Marianne Baxter and Michael Kouparitsaskehoe. Book a presentation; Contact Search.

Search. Home The determinants of UK business cycles The determinants of UK business cycles. Working papers set out research in progress by our staff, with the aim of encouraging comments and debate The implications of these findings for competing theories of the business cycle and for the monetary.

A. Hornstein: The Business Cycle and Industry Comovement 29 such as textiles. Since I am not interested in the long-run secular changes of industries, I remove this trend component by using a band pass filter. 2 I study the comovement of industries using two different measures.The international co-movements of business cycles is a key determinant of trade and monetary policy, but the ways in which it is affected by technology, TFP, and trade openness are not fully understood.

This column shows how such co-movements are affected by trade linkages and technology. The Dynamics of Business Cycles: A Study in Economic Fluctuations 1st Edition by J.J. Polak (Author), Jan Tinbergen (Author) ISBN