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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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Is There a European Business Cycle? [PDF]
SSRN 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 ...
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Borders and business cycles [PDF]
Journal 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 effectwithin-country correlations are substantially larger ...
Eric van Wincoop +2 more
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The role of automatic stabilizers in business cycle: the case of indonesia
European Journal of Government and Economics, 2021 TThe use of large fiscal stimulus packages to dampen the impact of Covid-19 recently has raised concerns about the effectiveness of the discretionary fiscal policy.
Haryo Kuncoro
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Protection and the Business Cycle [PDF]
Advances 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
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MICHAŁ KALECKI’S SCIENTIFIC LEGACY AS A MODEL FOR UNDERSTANDING CONTEMPORARY CRISES
Baltic Journal of Economic Studies, 2022 Recurring crises slowing down economic activities and the resulting consequences paint the picture of modern economies. Therefore, it seems justified to draw on the achievements of economics with a view to explaining the causes of socio-economic crises.
Andrzej Pawlik
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Financial Business Cycles [PDF]
International 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
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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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Credit Spreads and Business Cycle Fluctuations
, 2011 This paper examines the evidence on the relationship between credit spreads and economic activity. Using an extensive data set of prices of outstanding corporate bonds trading in the secondary market, we construct a credit spread index that is--compared ...
Simon Gilchrist, Egon Zakraǰsek
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The mix of laws involved in the activity of the companies in the aerospace field [PDF]
INCAS Bulletin, 2017 The life of companies, including the aerospace companies, depends on the business cycle. The paper presents the trends of law in ascending and descending period of the business cycle.
Aurelian Virgil BALUTA
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