Business Cycle Dynamics in the Euro Area: A Factor-SVAR Approach

Atılım Seymen

No 38, FIW Working Paper series from FIW

Abstract: The study investigates the business cycle dynamics in the euro area using an empirical framework which comprises common global and euro area shocks as well as allows bilateral spillovers of country-specific shocks across the member economies. Three core questions lie at the heart of the analysis: (i) To what extent are the business cycles of the euro area countries driven by common and spillover shocks? (ii) What are the extent and sources of business cycle heterogeneity in the euro area? (iii) Which mechanisms led to the moderation of business cycle activity in the euroarea until recently?

Keywords: Euro Area Business Cycles; Common and Country-Specific Shocks; Spillovers; Factor-Structural Vector Autoregression (search for similar items in EconPapers)
JEL-codes: C32 E32 F00 O52 (search for similar items in EconPapers)
Pages: 36
Date: 2009-12
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.fiw.ac.at/fileadmin/Documents/Publikati ... per/N_038-seymen.pdf full text (application/pdf)
none

Related works:
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:wsr:wpaper:y:2009:i:038

Ordering information: This working paper can be ordered from
FIW Project Office Austrian Institute of Economic Research Arsenal Objekt 20 A-1030 Vienna

Access Statistics for this paper

More papers in FIW Working Paper series from FIW
Bibliographic data for series maintained by ().