Global Business Cycles.

This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups-industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose macroe...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Kose, M. Ayhan
Otros Autores: Prasad, Eswar, Otrok, Christopher
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington : International Monetary Fund, 2008.
Colección:IMF Working Papers.
Temas:
Business cycles > Econometric models.
Globalization.
Cycles économiques > Modèles économétriques.
Mondialisation.
globalism.
Business cycles > Econometric models
Globalization
Acceso en línea:Texto completo
Descripción
Sumario:This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups-industrial countries, emerging markets, and other developing economies. Using a dynamic factor model, we then decompose macroeconomic fluctuations in key macroeconomic aggregates-output, consumption, and investment-into different factors. These are: (i) a global factor, which picks up fluctuations that are common across all variables and countries; (ii) three group-specific factors, which capture fluctuations that are comm.
Notas:8. Output Variance Explained by Global Factor9. Output Variance Explained by Group Factor.
Descripción Física:1 online resource (51 pages)
ISBN:9781451914542
1451914547

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