McAdam, Peter (2007) USA, Japan and the Euro Area: Comparing Business-Cycle Features. International Review of Applied Economics, 21 (1). pp. 135-156. ISSN 0269-2171.
|The full text of this publication is not available from this repository. (Contact us about this Publication)|
There has been much discussion of the differences in macroeconomic performance and prospects between the USA, Japan and the Euro area. Using Markov-switching techniques, we identify and compare specifically their major business-cycle features and examine the case for a common business cycle, asymmetries in the national cycles and, using a number of algorithms, date business-cycle turning points. Despite a high degree of trade and financial linkages, the cyclical features of USA, Japan and the Euro area appear quite distinct. Documenting and comparing such international business-cycle features can, for example, aid the development of business-cycle models and inform policy making.
|Uncontrolled keywords:||Business cycle; Markov switching; synchronization; turning points|
|Subjects:||H Social Sciences|
|Divisions:||Faculties > Social Sciences > School of Economics|
|Depositing User:||Francis Green|
|Date Deposited:||24 Jul 2008 16:52|
|Last Modified:||14 Jan 2010 14:35|
|Resource URI:||http://kar.kent.ac.uk/id/eprint/9420 (The current URI for this page, for reference purposes)|
- Depositors only (login required):