Business cycle comovement in the G-7: common shocks or common transmission mechanisms?
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منابع مشابه
Business cycle comovement in the G-7: common shocks or common transmission mechanisms?
What are the sources of macroeconomic comovement among G-7 countries? Two main candidate explanations may be singled out: common shocks and common transmission mechanisms. In the paper it is shown that they are complementary, rather than alternative, explanations. By means of a large-scale factor vector autoregressive (FVAR) model, allowing for full economic and statistical identi...cation of a...
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ژورنال
عنوان ژورنال: Applied Economics
سال: 2010
ISSN: 0003-6846,1466-4283
DOI: 10.1080/00036840701858067