Identifying the Common Component in International Economic Fluctuations: A New Approach
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| 100 | 1 | |a Lumsdaine, Robin L. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Identifying the Common Component in International Economic Fluctuations |b A New Approach |c Lumsdaine, Robin L |
| 264 | 1 | |a Washington, D.C |b International Monetary Fund |c 1999 | |
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| 520 | 3 | |a This paper develops an aggregation procedure using time-varying weights for constructing the common component of international economic fluctuations. The methodology for deriving time-varying weights is based on some stylized features of the data documented in the paper. The model allows for a unified treatment of cyclical and seasonal fluctuations and also captures the dynamic propagation of shocks across countries. Correlations of individual country fluctuations with the common component provide evidence of a "world business cycle" and a distinct European common component. The results suggest that macroeconomic fluctuations have become more closely linked across industrial economies in the post-Bretton Woods period | |
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| illustrated | Not Illustrated |
| indexdate | 2024-12-20T19:42:14Z |
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| language | English |
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| publisher | International Monetary Fund |
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| spellingShingle | Lumsdaine, Robin L. Identifying the Common Component in International Economic Fluctuations A New Approach |
| title | Identifying the Common Component in International Economic Fluctuations A New Approach |
| title_auth | Identifying the Common Component in International Economic Fluctuations A New Approach |
| title_exact_search | Identifying the Common Component in International Economic Fluctuations A New Approach |
| title_full | Identifying the Common Component in International Economic Fluctuations A New Approach Lumsdaine, Robin L |
| title_fullStr | Identifying the Common Component in International Economic Fluctuations A New Approach Lumsdaine, Robin L |
| title_full_unstemmed | Identifying the Common Component in International Economic Fluctuations A New Approach Lumsdaine, Robin L |
| title_short | Identifying the Common Component in International Economic Fluctuations |
| title_sort | identifying the common component in international economic fluctuations a new approach |
| title_sub | A New Approach |
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