F00

International Economics: General

Business Cycle Spillovers in the EU15: What is the Message Transmitted by the Periphery?

JEL codes: 
C32, E32, F00
Version Date: 
Dec 2013
Abstract: 

We examine business cycle spillovers in the EU15 countries by employing the spillover index approach of Diebold and Yilmaz (2009, 2012), over the period 1977-2012. The propagation mechanisms of business cycle shocks among EU15 is becoming a major interest due to unprecedented recent economic turbulence. The results of our analysis reveal the following empirical regularities.

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Is Economic Activity in the G7 Synchronized? Common Shocks versus Spillover Effects

JEL codes: 
E30, F00
Version Date: 
Oct 2003
Abstract: 

This Paper analyses the co-movement in activity, measured by GDP and industrial production, between the G7 countries for the period 1972-2002. For that purpose, a dynamic factor model is estimated using Kalman Filtering techniques.

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