| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w5984 |
| 来源ID | Working Paper 5984 |
| Identifying the Common Component in International Economic Fluctuations | |
| Robin L. Lumsdaine; Eswar S. Prasad | |
| 发表日期 | 1997-04-01 |
| 出版年 | 1997 |
| 语种 | 英语 |
| 摘要 | In this paper, we develop an aggregation procedure using time-varying weights for constructing the common component in international economic fluctuations. The methodology for deriving time-varying weights is based on some stylized features of the data documented in the paper. The model allows for a unified treatment of cyclical and seasonal fluctuations and also captures the dynamic propagation of shocks across countries. Based on correlations of individual country fluctuations with the common component, we find evidence for a `world business cycle' as well as evidence for a distinct European common component. We find few systematic differences in international business cycle relationships between the Bretton Woods and post-Bretton Woods periods. |
| 主题 | Macroeconomics ; Business Cycles ; Econometrics ; Estimation Methods |
| URL | https://www.nber.org/papers/w5984 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/563488 |
| 推荐引用方式 GB/T 7714 | Robin L. Lumsdaine,Eswar S. Prasad. Identifying the Common Component in International Economic Fluctuations. 1997. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w5984.pdf（1757KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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