How Do Financial Cycles Interact?
dc.contributor.author | Strohsal, Till | |
dc.contributor.author | Proaño, Christian R. | |
dc.contributor.author | Wolters, Jürgen | |
dc.date.accessioned | 2017-06-16T01:14:57Z | |
dc.date.available | 2017-06-16T01:14:57Z | |
dc.date.created | 2015-06-18 | |
dc.date.issued | 2015-04-24 | |
dc.date.submitted | 2015-04-24 | |
dc.identifier.issn | 1860-5664 | |
dc.identifier.uri | http://edoc.hu-berlin.de/18452/5233 | |
dc.description.abstract | Are financial cycles an international phenomenon, and, if so, how do financial cycles interact? This letter provides new evidence for the US and the UK. Considering the properties of the data in both the time and the frequency domains, we find a strong relation between the financial cycles of the US and the UK. US financial cycles have a significant impact on the UK, but not the other way around. The relation is clearly most pronounced for cycles between 8 and 30 years, which is also the frequency range that explains almost all variation of the data. | eng |
dc.language.iso | eng | |
dc.publisher | Humboldt-Universität zu Berlin, Wirtschaftswissenschaftliche Fakultät | |
dc.rights.uri | http://rightsstatements.org/vocab/InC/1.0/ | |
dc.subject | Granger Causality | eng |
dc.subject | Financial Cycle | eng |
dc.subject | Indirect Spectrum Estimation | eng |
dc.subject | Vector Autoregressions | eng |
dc.subject | Coherency | eng |
dc.subject.ddc | 310 Sammlungen allgemeiner Statistiken | |
dc.subject.ddc | 330 Wirtschaft | |
dc.title | How Do Financial Cycles Interact? | |
dc.type | book | |
dc.identifier.urn | urn:nbn:de:kobv:11-100230939 | |
dc.identifier.doi | http://dx.doi.org/10.18452/4581 | |
local.edoc.pages | 13 | |
local.edoc.type-name | Buch | |
local.edoc.container-type | series | |
local.edoc.container-type-name | Schriftenreihe | |
local.edoc.container-year | 2015 | |
dc.title.subtitle | Evidence from the US and the UK | |
dc.identifier.zdb | 2195055-6 | |
bua.series.name | Sonderforschungsbereich 649: Ökonomisches Risiko | |
bua.series.issuenumber | 2015,24 |