Intangible investments and international business cycles
نویسندگان
چکیده
منابع مشابه
Commodities and International Business Cycles
Output growth in the U.S., a commodity-importing country, increases its demand for imports of commodities and therefore commodity prices, which benefits commodityexporting countries but has adverse effects on commodity-importing countries. Hence, in the data, U.S. output is more positively correlated with outputs of commodity-exporting countries than commodity-importing countries. In other word...
متن کاملNonlinearities in International Business Cycles
This paper documents the dynamic properties of national output, its components, and the current account for five OECD countries. There is strong evidence of conditional volatility for almost all time series as well as significant deviations from normality. The deviations are detected particularly in GDP, net exports, investment time series. JEL Codes:
متن کاملInternational Business Cycles and Financial Frictions
Bank of Canada working papers are theoretical or empirical works-in-progress on subjects in economics and finance. The views expressed in this paper are those of the author. No responsibility for them should be attributed to the Bank of Canada. Abstract This paper builds a two-country DSGE model to study the quantitative impact of financial frictions on business cycle co-movements when investor...
متن کاملInternational Business Cycles : Detection and Properties
After conceptual clarification of "international business cycle" and a review of the literature, a new indicator is proposed. This indicator refers to two time series only and allows for an internationally comparable quantification of a country's position in the business cycle. We then calculate times series of this indicator from 1970 to 2000 for 30 countries. After some plausibility checks, w...
متن کاملChina’s Business Cycles: The International Dimension
This paper investigates the causes of China’s output and trade balance fluctuations in the period of 1985–2000, with special attention to the role of the real exchange rate. The effects of four types of shock – the foreign supply shock, the domestic supply shock, the relative demand shock and the nominal shock – are examined, employing a near -VAR that embodies the long-run properties of a ‘dep...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: International Economics and Economic Policy
سال: 2016
ISSN: 1612-4804,1612-4812
DOI: 10.1007/s10368-016-0339-1