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Wednesday, May 13, 2020 | History

2 edition of International business cycles and the dynamics of the current account found in the catalog.

International business cycles and the dynamics of the current account

Graham Elliott

International business cycles and the dynamics of the current account

by Graham Elliott

  • 128 Want to read
  • 36 Currently reading

Published by Centre for Economic Policy Research in London .
Written in English


Edition Notes

StatementGraham Elliott and Antonio Fatás.
SeriesDiscussion paper series / Centre for Economic Policy Research -- No. 1280
ContributionsFatás, Antonio., Centre for Economic Policy Research.
ID Numbers
Open LibraryOL19847617M

Dynamics of Business Cycles in Asia: Differences and Similarities Sunghyun Henry Kim* M. Ayhan Kose* Michael G. Plummer∗ Abstract: This paper documents the extent of similarities and differences of business cycle characteristics of the Asian countries and compares the cyclical regularities in Cited by: Theoretical developments focus on the how consumption smoothing and investment dynamics shape the current account; the search for sources and propagation mechanisms of international business cycle Author: Diego Valderrama.

Econometrica, Vol. 80, No. 6 (November, ), – WHAT’S NEWS IN BUSINESS CYCLES BY STEPHANIE SCHMITT-GROHÉ AND MARTÍN URIBE1 In the context of a dynamic, stochastic, general equilibrium model, we perform clas-sical maximum likelihood and Bayesian estimations of . The book provided a detailed review of the Kondratieff long wave cycle and the smaller cycles that make up every K Wave. The eBook edition updated the cycle analysis presented in the book that is now out of print. A new edition is now in the works with the working title of Market Cycle Dynamics; The New Science of Cycles.

Written during the Second World War against the background of the economic and political futility of the s, this book deals with the changing role of government, and particularly fiscal policy as an instrument for regulating the national income and its distribution. Arguing that the war had an economic basis - the inability of the great industrial nations to provide full employment at. Get this from a library! Business cycles: durations, dynamics, and forecasting. [Francis X Diebold; Glenn D Rudebusch] -- "Francis Diebold and Glenn Rudebusch here present a highly integrative collection of their most important essays on the subject, along with a .


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International business cycles and the dynamics of the current account by Graham Elliott Download PDF EPUB FB2

"International business cycles and the dynamics of the current account," European Economic Review, Elsevier, vol. 40(2), pagesFebruary. References listed on IDEAS as. INTERNATIONAL BUSINESS CYCLES AND THE DYNAMICS OF THE CURRENT ACCOUNT by G.

ELLIOTT* and A. FATAS 95/55/EPS • Assistant Professor, at UCSD, University of File Size: 1MB. Downloadable. This article reviews recent work comparing properties of international business cycles with those of dynamic general equilibrium models.

Two discrepancies between theory and data are described. One concerns the correlation across countries of fluctuations in consumption, output, and productivity: in the data, the output correlation is generally the largest; in theoretical.

ECRI has long determined international recession start and end dates (now covering 21 countries) using the same approach used to establish official recession dates for the U.S., which were decided by ECRI co-founder Geoffrey H.

Moore on the NBER’s behalf for three decades before a. The Dynamics of Business Cycles: A Study in Economic Fluctuations: Economics Books @ ed by: After ECRI predicted the recession, there was popular demand for a better understanding of our approach.

This led to the publication of Beating the Business Cycle, written by ECRI co-founders Lakshman Achuthan and Anirvan Banerji. Written in a straightforward, accessible style, the book reveals just how advanced the state of the art in cyclical forecasting has become.

"International Business Cycles and the Dynamics of the Current Account," (joint with Graham Elliott), European Economic Review, February "Regional Labor Market Dynamics in Europe," (joint with Jorg Decressin), European Economic Review, December growth, has periods of considerable international synchronization in business cycles.

Notably, at the level of detail of Figures 2 and 3, the period of greatest synchronization appears to be the s, and there is no readily apparent trend towards increased synchronization. Changes in Volatility and Persistence.

and downs of the business cycle. Just as individual economies experience stronger and weaker periods of economic growth, so too does the global economy. This ebb and flow of world economic growth is known as the international business cycle, which refers to the changes in the level of economic activity in the global economy over time.

Documenting International Business Cycles. Although business cycles are most commonly used to describe the state of a single country's economy, globalization and the proliferation of regional trade agreements have prompted economists to study common movements of.

This entertaining book describes the global history of economic fluctuations and business cycle theory over more than years. It explains the core of the problem and shows how cycles can be forecast and how they are managed by central by: 9.

Business Cycles and the Asset Structure of Foreign Trade Marianne Baxter, Mario J. Crucini. NBER Working Paper No. Issued in December NBER Program(s):International Finance and Macroeconomics International financial market linkages are widely believed to be important for the international transmission of business cycles, since these govern the extent to which individuals can.

This book had an intriguing premise, that fractional-reserve banking causes the business cycle and that we should return to a % gold-backed reserve requirement for bank deposits. If we do that, our economy should experience a slow gradual growth and our money will slowly become more valuable/5.

Get this from a library. A quantitative examination of current account dynamics in equilibrium models of barter economies. [Enrique G Mendoza; International Monetary Fund.

Research Department.] -- This paper provides a numerical analysis of an intertemporal equilibrium model of a small open, barter economy that is subject to random shocks affecting endowments, the terms of trade, and the real. International Real Business Cycles (Week ) In Class HP filter, in class notes Mendoza, E.,“Real Business Cycles in a Small Open Economy,” American Economic Review, 81, Backus, D., P.

Kehoe, and F. Kydland,“International Real Business Cycles,” Journal of File Size: KB. International Real Business Cycles David K. Backus New York University Patrick J. Kehoe University of Minnesota and Federal Reserve Bank of Minneapolis Finn E.

Kydland Carnegie Mellon University We ask whether a two-country real business cycle model can account simultaneously for domestic and international aspects of business cycles.

Kose, A, C Otrok, and C H Whiteman (), “Understanding the evolution of world business cycles,” Journal of International Economics 75(1): – Mumtaz, H, S Simonelli, and P Surico (), “International Comovements, Business Cycle and Inflation: a Historical Perspective,” Review of Economic Dynamics 14(1): – Keywords Adjustment costs Armington aggregator Asset market structure Business cycle measurement Business cycles Capital accumulation Capital utilization Consumption function Consumption smoothing Current account Euler equations Expectations Factor mobility Imperfect competition Incomplete markets International finance International real business cycles International taxation International.

Understanding Changes in International Business Cycle Dynamics James H. Stock, Mark W. Watson. NBER Working Paper No. Issued in July NBER Program(s):Economic Fluctuations and Growth, Monetary Economics The volatility of economic activity in most G7 economies has moderated over the past forty years.

functions, in which the currencies of economies where current output is above potential are expected to appreciate (Engel and West,). Moreover, in the macro- nance literature the existence of a relationship between business cycles and currency returns is a necessary condition for risk-based models to have empirical validity (Cochrane,).

Read the latest articles of Journal of International Economics atElsevier’s leading platform of peer-reviewed scholarly literature. Business cycles refer to the cyclical increases followed by decreases in production output of goods and services in an economy. The stages in the .If you need immediate assistance, call SSRNHelp ( ) in the United States, or +1 outside of the United States, AM to PM U.S.

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