G2TT
来源类型Discussion paper
规范类型论文
来源IDDP4682
DP4682 The Political Economy of Urban Transport System Choice
Jan K. Brueckner; Harris Selod
发表日期2004-10-23
出版年2004
语种英语
摘要This Paper examines the changing relationships between the G7 countries through VAR models for the quarterly growth rates, estimated both over sub-periods and using a rolling data window. Six trivariate models are estimated, all of which include the US and a European (E15) aggregate. In relative terms, the conditional volatility of E15 growth has declined more since 1980 than the well-documented decline for the US. The propagation of shocks has also changed, with the volatility and propagation effects separated by applying shocks of pre-1980 magnitude to VARs estimated over various periods. Rolling estimation reveals that E15 has a steadily increasing impact on the US economy over time, while the effects of the US on Europe have been largest during the 1970s and the late 1990s.
主题International Macroeconomics
关键词International business cycles European integration Time variation Volatility
URLhttps://cepr.org/publications/dp4682
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/533603
推荐引用方式
GB/T 7714
Jan K. Brueckner,Harris Selod. DP4682 The Political Economy of Urban Transport System Choice. 2004.
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