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Please use this identifier to cite or link to this item: http://hdl.handle.net/2192/76

 
Title: Common Shocks, Common Dynamics, and the International Business Cycle
Authors: Centoni, Marco
Cubadda, Gianluca
Hecq, Alain
Keywords: Common Cycles
Cointegration
Domestic-Foreign Shocks
International Business Cycles
Permanent-Transitory Decomposition.
Issue Date: 4-Jul-2003
Abstract: This paper develops an econometric framework to understand whether co-movements observed in the international business cycle are the consequences of common shocks or common transmission mechanisms. Then we propose a new statistical measure of the importance of domestic and foreign shocks over the national business cycle. We show how to decompose the business cycle effects of permanent-transitory shocks into those due to their domestic and foreign components. We apply our analysis to G7 outp
...more
URI: http://hdl.handle.net/2192/76
Appears in Collections:4 - REPEC
Econpapers

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