Globalization and international business cycle dynamics: a conditional GVAR approach

We examine the effects of increased international integration of both goods and financial markets on business cycle dynamics. To do so, we develop a new econometric framework for modelling cross-country spillovers in which the magnitude of these spillovers is an empirically determined function of th...

Full description

Saved in:
Bibliographic Details
Main Authors: Binder, Michael 1967- (Author), Offermanns, Christian J. 1975- (Author)
Format: Electronic eBook
Language:German
Published: Berlin Freie Univ. Berlin, FB Wirtschaftswiss. 2014
Series:Diskussionsbeiträge des Fachbereichs Wirtschaftswissenschaft der Freien Universität Berlin 2014,24 : Economics
Subjects:
Online Access:Volltext
Summary:We examine the effects of increased international integration of both goods and financial markets on business cycle dynamics. To do so, we develop a new econometric framework for modelling cross-country spillovers in which the magnitude of these spillovers is an empirically determined function of the degree of a country's integration with international goods and financial markets. Our results suggest that the magnitude of cross-country spillovers for most country pairs has been increasing with strengthened goods and financial markets integration.
Physical Description:1 Online-Ressource (24 S.) graph. Darst.

There is no print copy available.

Interlibrary loan Place Request Caution: Not in THWS collection! Get full text