| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3683 |
| DP3683 Doctors without Borders: The Returns to an Occupational License for Soviet Immigrant Physicians in Israel | |
| Adriana D. Kugler; Robert M Sauer | |
| 发表日期 | 2003-01-28 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | In this Paper we compare alternative approaches for dating the euro area business cycle and analysing its characteristics. First, we extend a commonly used dating procedure to allow for length, size and amplitude restrictions, and to compute the probability of a phase change. Second, we apply the modified algorithm for dating both the classical euro area cycle and the deviation cycle, where the latter is obtained by a variety of methods, including a modified HP filter that reproduces the features of the BK filter but avoids end-point problems, and a production function based approach. Third, we repeat the dating exercise for the main euro area countries, evaluate the degree of synchronization, and compare the results with the UK and the US. Fourth, we construct indices of business cycle diffusion, and assess how widespread are cyclical movements throughout the economy. Finally we repeat the dating exercise using monthly industrial production data, to evaluate whether the higher sampling frequency can compensate the higher variability of the series and produce a more accurate dating. |
| 主题 | International Macroeconomics |
| 关键词 | Business cycle Euro area Cycle dating Cycle synchronization |
| URL | https://cepr.org/publications/dp3683 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532711 |
| 推荐引用方式 GB/T 7714 | Adriana D. Kugler,Robert M Sauer. DP3683 Doctors without Borders: The Returns to an Occupational License for Soviet Immigrant Physicians in Israel. 2003. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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