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Spectral Analysis Of Business Cycles In The Visegrad Group Countries [PDF]

open access: yes, 2017
This paper examines the business cycle properties of Visegrad group countries. The main objective is to identify business cycles in these countries and to study the relationships between them.
Kijek, Arkadiusz
core   +2 more sources

Predicting turning points in the South African economy

open access: yesSouth African Journal of Economic and Management Sciences, 2003
Despite the existence of macroeconomic models and complex business cycle indicators, it would be beneficial to policymakers and market participants if they could look at one well-chosen indicator in predicting business cycle turning points.
Elna Moolman
doaj   +1 more source

States and the Business Cycle [PDF]

open access: yesSSRN Electronic Journal, 2007
Abstract We model the US business cycle using a dynamic factor model that identifies common factors underlying fluctuations in state-level income and employment growth. We find three such common factors, each of which is associated with a set of factor loadings that indicate the extent to which each state's economy is related to the national business
Michael T. Owyang   +2 more
openaire   +4 more sources

Business Cycle Synchronization Between CEE Countries and Euro Zone

open access: yesActa Universitatis Lodziensis. Folia Oeconomica, 2017
The main aim of the article is to estimate the level of business cycles synchronization between Central and Eastern European Countries (CCECs) and euro area.
Katarzyna Piłat
doaj   +1 more source

Is There a European Business Cycle? [PDF]

open access: yesSSRN Electronic Journal, 2003
The paper uses quarterly GDP data for some 30 years up to and including 2001, to examine the identity and development of the European business cycle. Cycles are identified by using a band-pass filter version of the Hodrick-Prescott filter and affiliations are examined using clustering techniques and classical multidimensional scaling applied to cross ...
openaire   +6 more sources

Borders and business cycles [PDF]

open access: yesJournal of International Economics, 1999
We document that business cycles of U.S. Census regions are substantially more synchronized than those of European Union countries, both over the past four decades and the past two decades. Data from regions within the four largest European countries confirm the presence of a European border effect—within-country correlations are substantially larger ...
Eric van Wincoop   +2 more
openaire   +5 more sources

Protection and the Business Cycle [PDF]

open access: yesAdvances in Economic Analysis & Policy, 1995
Abstract Empirical studies have repeatedly documented the countercyclical nature of trade barriers. In this paper, we propose a simple theoretical framework that is consistent with this and other empirical regularities in the relationship between protection and the business cycle.
Kyle Bagwell, Robert W. Staiger
openaire   +4 more sources

Poland’s business cycle in the context of the world cycle

open access: yesEkonomia i Prawo, 2009
The analysis begins with a synthetic discussion of the current state of the business cycle theory. Three groups of current theories have been briefly discussed: the real business cycle theory, the Neoschumpeter theory and those formulated within the ...
Barbara Polszakiewicz
doaj   +1 more source

Financial Business Cycles [PDF]

open access: yesInternational Finance Discussion Papers, 2014
Using Bayesian methods, I estimate a DSGE model where a recession is initiated by losses suffered by banks and exacerbated by their inability to extend credit to the real sector. The event triggering the recession has the workings of a redistribution shock: a small sector of the economy -- borrowers who use their home as collateral -- defaults on their
openaire   +2 more sources

Factors behind the employment loss in Galicia: Great Recession of 2008 vs. the first wave of the COVID-19 pandemic

open access: yesRevista Galega de Economía, 2021
In a recession such as COVID-19 pandemic with important consequences in the labour market, it is important to design policies that really address factors behind the employment loss for each demographic subgroup. The aim of this paper is to decompose and
Yolanda Pena-Boquete, Iria Dios-Murcia
doaj   +1 more source

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