F15

Economic Integration

How Do Credit Supply Shocks Propagate Internationally? A GVAR approach

JEL codes: 
F15, F36, F41
Version Date: 
Dec 2011
Author/s: 
Abstract: 

We study how credit supply shocks in the US, the euro area and Japan are transmitted to other economies. We use the recently-developed GVAR approach to model financial variables jointly with macroeconomic variables in 33 countries for the period 1983-2009.

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Currency Union, Free Trade Areas, and Business Cycle Synchronization

JEL codes: 
C12, C13, C14, C15, C32, E32, F15
Version Date: 
Mar 2010
Author/s: 
Abstract: 

Since the 1970s the characteristics of international business cycles have changed and deeper economic integration has modified the features of cross-country comovement. We formally test for correlation shifts in measures of real economic activity and economic/financial integration.

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Currency Union, Free-Trade Areas, and Business Cycle Synchronization

JEL codes: 
C12, C13, C14, C15, C32, E32, F15
Version Date: 
Mar 2011
Author/s: 
Abstract: 

Since the 1970s the characteristics of international business cycles have changed and deeper economic integration has modified the features of cross-country comovement. We formally test for correlation shifts in measures of real economic activity and economic/financial integration.

Report file: 
PDF icon Download the paper (737.37 KB)