Understanding the Evolution of World Business Cycles

Understanding the Evolution of World Business Cycles
This paper studies the changes in world business cycles during 1960-2003. We employ a Bayesian dynamic latent factor model to estimate common and country-specific components in the main macroeconomic aggregates of the Group of Seven (G-7) countries. We then quantify the relative importance of these components in explaining comovement in each READ MORE...

Publication date: November 2005
ISBN 9781451862300
$15.00

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