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External MPC Unit Discussion Papers, Bank of England >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/50651
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Mumtaz, Haroon | | en_US |
| dc.contributor.author | | Simonelli, Saverio | | en_US |
| dc.contributor.author | | Surico, Paolo | | en_US |
| dc.date.accessioned | | 2011-10-24T07:51:12Z | | - |
| dc.date.available | | 2011-10-24T07:51:12Z | | - |
| dc.date.issued | | 2009 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/50651 | | - |
| dc.description.abstract | | Using a dynamic factor model, we uncover four main empirical regularities on international comovements in a long-run panel of real and nominal variables. First, the contribution of world comovements to domestic output growth has decreased over the post-WWII period. The contribution of regional comovements, however, has increased significantly. Second, the share of inflation variation due to a global factor has become larger since 1985. Third, over most of the post-WWII period, international comovements within regions have accounted for the bulk of fluctuations in business cycle and inflation. Fourth, prices have become significantly less countercyclical during the post-1984 sample, with the largest contribution due to external developments. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Bank of England, Monetary Policy Committee London | | en_US |
| dc.relation.ispartofseries | | External MPC unit discussion paper 28 | | en_US |
| dc.subject.jel | | E30 | | en_US |
| dc.subject.jel | | F40 | | en_US |
| dc.subject.jel | | N10 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | output growth | | en_US |
| dc.subject.keyword | | inflation | | en_US |
| dc.subject.keyword | | geographic identification | | en_US |
| dc.subject.keyword | | dynamic factor model | | en_US |
| dc.subject.stw | | Konjunkturzusammenhang | | en_US |
| dc.subject.stw | | Wirtschaftswachstum | | en_US |
| dc.subject.stw | | Inflationsrate | | en_US |
| dc.subject.stw | | Wirtschaftsgeschichte | | en_US |
| dc.subject.stw | | Welt | | en_US |
| dc.title | | International comovements, business cycle and inflation: A historical perspective | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 609932292 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | External MPC Unit Discussion Papers, Bank of England
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