EconPapers    
Economics at your fingertips  
 

The International Business Cycle in a Changing World: Volatility and the Propagation of Shocks in the G-7

Pedro Perez (), Denise Osborn and Michael Artis

Open Economies Review, 2006, vol. 17, issue 3, 255-279

Abstract: The changing relationships between the G-7 countries are examined through VAR models for quarterly growth, estimated over sub-periods and using a rolling data window. Trivariate models are employed, each including the US and a European (E15) aggregate. The results show that conditional volatility of growth has declined relatively more since 1980 for E15 than for the US, aggregate European shocks have increased impact on “core” European countries from around 1980, the effects of the US on Europe are largest during the 1970s and the late 1990s, and E15 has a steadily increasing impact on the US economy over time. Copyright Springer Science + Business Media, LLC 2006

Keywords: european integration; international business cycle; time variation and volatility (search for similar items in EconPapers)
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (26)

Downloads: (external link)
http://hdl.handle.net/10.1007/s11079-006-6811-8 (text/html)
Access to full text is restricted to subscribers.

Related works:
Working Paper: The International Business Cycle in a Changing World: Volatility and the Propagation of Shocks in the G-7 (2004) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:openec:v:17:y:2006:i:3:p:255-279

Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/11079/PS2

DOI: 10.1007/s11079-006-6811-8

Access Statistics for this article

Open Economies Review is currently edited by G.S. Tavlas

More articles in Open Economies Review from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

 
Page updated 2025-03-19
Handle: RePEc:kap:openec:v:17:y:2006:i:3:p:255-279