Similarities and Convergence in G7 Cycles

JEL codes: 
C11, E32
Version Date: 
Aug 2004

This Paper examines the properties of G-7 cycles using a multicountry Bayesian panel VAR model with time variations, unit specific dynamics and cross country interdependences. We demonstrate the presence of a significant world cycle and show that country specific indicators play a much smaller role.

Report file: 
PDF icon Download the paper (473.47 KB)