TY  - UNPD
A1  - Gross, Daniel
T1  - Country-specific and global shocks in the business cycle
T2  - Center for Financial Studies (Frankfurt am Main): CFS working paper series ; No. 2001,11
N2  - Industrial production in G7 countries is assumed to be driven by two exogenous disturbances. Those disturbances are identified in a VAR model so they can be interpreted as country-specific and global supply shocks. The dynamic properties of the model are analyzed and the relative importance of each shock is measured. It is shown that the VAR model matches most of the theoretical predictions of standard intertemporal open-economy models. The identified structural disturbances are analyzed with regard to their impact on the current account and investment. First Draft, October 2000. Final Draft, January 2001. This paper is based on the second chapter of my doctoral dissertation at the University of Frankfurt. Klassifikation: E32, F41
T3  - CFS working paper series - 2001, 11 
KW  - Country-Specific and Global Shocks
KW  - VAR
KW  - RBC
KW  - G-7-Staaten
KW  - internationaler Konjunkturzusammenhang
KW  - Schock <Wirtschaft>
KW  - Realer-Konjunkturzyklus-Theorie
KW  - Vektor-autoregressives Modell
KW  - Schätzung
Y1  - 2001
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/4511
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-9889
ER  -