| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16264 |
| 来源ID | Working Paper 16264 |
| Globalization, the Business Cycle, and Macroeconomic Monitoring | |
| S. Boragan Aruoba; Francis X. Diebold; M. Ayhan Kose; Marco E. Terrones | |
| 发表日期 | 2010-08-12 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | We propose and implement a framework for characterizing and monitoring the global business cycle. Our framework utilizes high-frequency data, allows us to account for a potentially large amount of missing observations, and is designed to facilitate the updating of global activity estimates as data are released and revisions become available. We apply the framework to the G-7 countries and study various aspects of national and global business cycles, obtaining three main results. First, our measure of the global business cycle, the common G-7 real activity factor, explains a significant amount of cross-country variation and tracks the major global cyclical events of the past forty years. Second, the common G-7 factor and the idiosyncratic country factors play different roles at different times in shaping national economic activity. Finally, the degree of G-7 business cycle synchronization among country factors has changed over time. |
| 主题 | Macroeconomics ; Business Cycles ; Fiscal Policy ; International Economics ; International Macroeconomics |
| URL | https://www.nber.org/papers/w16264 |
| 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/573938 |
| 推荐引用方式 GB/T 7714 | S. Boragan Aruoba,Francis X. Diebold,M. Ayhan Kose,et al. Globalization, the Business Cycle, and Macroeconomic Monitoring. 2010. |
| 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 | ||
| w16264.pdf（541KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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