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Business Cycle Synchronization Between CEE Countries and Euro Zone
Acta 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
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Coordinating Business Cycles [PDF]
SSRN Electronic Journal, 2014 We develop a quantitative theory of business cycles with coordination failures. Because of demand complementarities and increasing returns, firms seek to coordinate production and multiple equilibria arise. We use a global game approach to discipline equilibrium selection and show that the unique dynamic equilibrium exhibits multiple steady states ...
Mathieu Taschereau-Dumouchel +1 more
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Poland’s business cycle in the context of the world cycle
Ekonomia 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
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Expectational Business Cycles [PDF]
SSRN Electronic Journal, 2004 I introduce Expectational Business Cycles where aggregate activity fluctuates due to learning, heterogeneous updating rules and random changes in the social norm predictor. Agents use one of two updating rules to learn the equilibrium values while heterogeneity is dictated via an evolutionary process. Uncertainty of a new equilibrium, due to a shock to
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Spillover index for European business cycle [PDF]
Revista de Studii Financiare, 2020 The Covid-19 pandemic has had a significant impact on the international economy. The paper analyses the interdependence between the business cycles of the European Union economies to capture the effect of the Covid-19 pandemic on them.
Marius Cristian Acatrinei
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NEGATIVE INTEREST RATES AND HOUSING BUBBLES [PDF]
Civil Engineering Journal, 2016 In years after the financial crisis economists started to propose negative interest rates as a way how to escape from a liquidity trap. Negative interest rate was considered to be impossible but few countries have already set them below the lower zero ...
Dominik Stroukal, Božena Kadeřábková
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The Swedish business cycle, 1969-2013
, 2016 The aim of this paper is to apply a non-stationary, non-parametric method to date the Swedish business cycle where no official dating method exists, defined as the common dynamic of some macroeconomic time series.
Holm, Louise,
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Housing Is the Business Cycle [PDF]
, 2013 Of the components of GDP, residential investment offers by far the best early warning sign of an oncoming recession. Since World War II we have had eight recessions preceded by substantial problems in housing and consumer durables. Housing did not give an early warning of the Department of Defense Downturn after the Korean Armistice in 1953 or the ...
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No News in Business Cycles [PDF]
The Economic Journal, 2012 Peer ...
Forni, Mario, Gambetti, Luca, Sala, Luca
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Business cycle – growth nexus: a review
Technological and Economic Development of Economy, 2015 Frequent reversals in business cycles pose the question whether country can achieve macroeconomic stability and/or economic growth by coordinating its economic policies. Thus, what is the role of economic policy within the short/long run in amplifying or
Marinko Škare, Daniel Tomić
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