haku: @author Haan, W. J. den / yhteensä: 2
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| Tekijä: | Haan, W. J. den Sumner, S. W. |
| Otsikko: | The comovement between real activity and prices in the G7 |
| Lehti: | European Economic Review
2004 : DEC, VOL. 48:6, p. 1333-1347 |
| Asiasana: | Business cycles Models |
| Vapaa asiasana: | VAR Frequency-domain filters |
| Kieli: | eng |
| Tiivistelmä: | This article explores the short-run and long-run comovement between real activity and prices in the G7 countries during the postwar period. The analysis is performed using vector autoregressive systems and frequency-domain filters and several patterns which are robust across countries and time periods are discovered. The results indicate that at long-run horizons the correlation coefficients (hereafter as: CCs) are outstandingly negative, while at short-run horizons the CCs are higher. |
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