Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/19624
Full metadata record
DC FieldValueLanguage
dc.contributor.authorKnetsch, Thomas A.en_US
dc.date.accessioned2009-01-28T16:01:32Z-
dc.date.available2009-01-28T16:01:32Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/19624-
dc.description.abstractThe paper presents empirical work on short-run and long-run comovement between the German, French and Italian aggregates of private consumption, business investment, exports,imports, GDP, and changes in inventories. In country-specific data sets, cointegration analyses are carried out both to identify long-run economic relationships and to remove thetrend components from the nonstationary series. Analytically, this is done by reparametrizing the vector error correction model in its common trends representation. The resulting(Beveridge-Nelson) trend and cycle components as well as the series of changes in inventories are analyzed with a focus on synchronicity. To measure crosscountry comovementat different frequencies, "cohesion", a summary statistic developed by Croux et al. [2001],is applied. Sampling variability and parameter uncertainty are captured by bootstrappedconfidence intervals.en_US
dc.language.isoengen_US
dc.publisher|aDeutsche Bundesbank |cFrankfurt a. M.-
dc.relation.ispartofseries|aDiscussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank |x2005,39en_US
dc.subject.jelE32en_US
dc.subject.jelC32en_US
dc.subject.ddc330en_US
dc.subject.keywordcointegrationen_US
dc.subject.keywordtrend-cycle decompositionen_US
dc.subject.keywordcohesionen_US
dc.subject.keywordbootstrapen_US
dc.subject.stwKonjunkturzusammenhangen_US
dc.subject.stwSozialprodukten_US
dc.subject.stwGesamtwirtschaftliche Nachfrageen_US
dc.subject.stwKointegrationen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.subject.stwFrankreichen_US
dc.subject.stwItalienen_US
dc.titleShort-run and long-run comovement of GDP and some expenditure aggregates in Germany, France and Italyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn504774891en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:bubdp1:4233-

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.