Globalization and international business cycle dynamics: a conditional GVAR approach
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Bibliographic Details
Main Authors: Binder, Michael 1967- (Author), Offermanns, Christian J. 1975- (Author)
Format: Electronic eBook
Language:German
Published: Berlin Freie Univ. Berlin, FB Wirtschaftswiss. 2014
Series:Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin 2014,24 : Economics
Subjects:
Links:http://edocs.fu-berlin.de/docs/receive/FUDOCS_document_000000021132
Abstract:We examine the effects of increased international integration of both goods and financial markets on business cycle dynamics. To do so, we develop a new econometric framework for modelling cross-country spillovers in which the magnitude of these spillovers is an empirically determined function of the degree of a country's integration with international goods and financial markets. Our results suggest that the magnitude of cross-country spillovers for most country pairs has been increasing with strengthened goods and financial markets integration.
Physical Description:1 Online-Ressource (24 S.) graph. Darst.