Trenkler, Carsten and Weber, Enzo (2012) Identifying the Shocks behind Business Cycle Asynchrony in Euroland. Regensburger Diskussionsbeiträge zur Wirtschaftswissenschaft 466, Working Paper.
| PDF Download (566kB) |
Abstract
This paper investigates which shocks drive asynchrony of business cycles in the euro area. Thereby, it unites two strands of literature, those on common features and on structural VAR analysis. In particular, we show that the presence of a common cycle implies collinearity of structural impulse responses. Several Wald tests are applied to the latter hypothesis. Results reveal that differences in ...
Export bibliographical data
| Item type: | Monograph (Working Paper) | ||||||
|---|---|---|---|---|---|---|---|
| Series of the University of Regensburg: | Regensburger Diskussionsbeiträge zur Wirtschaftswissenschaft | ||||||
| Date: | 13 June 2012 | ||||||
| Institutions: | Business, Economics and Information Systems > Institut für Volkswirtschaftslehre und Ökonometrie | ||||||
| Classification: |
| ||||||
| Keywords: | Common cycles, euro area, impulse responses, structural VAR, Wald test | ||||||
| Dewey Decimal Classification: | 300 Social sciences > 330 Economics | ||||||
| Status: | Published | ||||||
| Refereed: | No, this document will not be refereed | ||||||
| Created at the University of Regensburg: | Partially | ||||||
| Item ID: | 24774 |
Owner only: item control page
Download Statistics