EconPapers    
Economics at your fingertips  
 

Similarities and convergence in G-7 cycles

Fabio Canova (), Matteo Ciccarelli and Eva Ortega ()

No 312, Working Paper Series from European Central Bank

Abstract: This paper examines the properties of G-7 cycles using a multicountry Bayesian panel VAR model with time variations, unit specific dynamics and cross country interdependences. We demonstrate the presence of a significant world cycle and show that country specific indicators play a much smaller role. We detect differences across business cycle phases but, apart from an increase in synchronicity in the late 1990s, find little evidence of major structural changes. We also find no evidence of the existence of an Euro area specific cycle or of its emergence in the 1990s. JEL Classification: C11, C33, E32

Keywords: Bayesian methods; business cycle; indicators; Panel data (search for similar items in EconPapers)
Date: 2004-02
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (17) Track citations by RSS feed

Downloads: (external link)
https://www.ecb.europa.eu//pub/pdf/scpwps/ecbwp312.pdf (application/pdf)

Related works:
Journal Article: Similarities and convergence in G-7 cycles (2007) Downloads
Working Paper: Similarities and convergence in G-7 cycles (2004) Downloads
Working Paper: Similarities and Convergence in G7 Cycles (2004) Downloads
Working Paper: Similarities and convergence in G-7 cycles (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:ecb:ecbwps:2004312

Access Statistics for this paper

More papers in Working Paper Series from European Central Bank 60640 Frankfurt am Main, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Official Publications ().

 
Page updated 2019-07-30
Handle: RePEc:ecb:ecbwps:2004312