| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9382 |
| DP9382 Do Institutions and Culture Matter for Business Cycles? | |
| Fabio Canova; Sumru G. Altug | |
| 发表日期 | 2013-03-10 |
| 出版年 | 2013 |
| 语种 | 英语 |
| 摘要 | We examine the relationship between macroeconomic, institutional, and cultural indicators and cyclical fluctuations for European, Middle Eastern and North African Mediterranean countries. Mediterranean cycles are different from EU cycles: the duration of expansions is shorter; the amplitude and the output costs of recessions are larger; and cyclical synchronization is smaller. Differences in macroeconomic and institutional indicators partly account for the relative differences in cyclical synchronization. By contrast, differences in cultural indicators account for relative differences in the persistence, the volatility and the synchronization of cyclical fluctuations. Theoretical and policy implications are discussed. |
| 主题 | International Macroeconomics |
| 关键词 | Business cycles Institutions and culture Mediterranean countries Synchronization. |
| URL | https://cepr.org/publications/dp9382 |
| 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/538218 |
| 推荐引用方式 GB/T 7714 | Fabio Canova,Sumru G. Altug. DP9382 Do Institutions and Culture Matter for Business Cycles?. 2013. |
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