𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Interactions of real GNP business cycles in a three-country time-series model

✍ Scribed by Masanao Aoki

Publisher
John Wiley and Sons
Year
1993
Tongue
English
Weight
684 KB
Volume
12
Category
Article
ISSN
0277-6693

No coin nor oath required. For personal study only.

✦ Synopsis

Abstract

The paper describes a procedure for examining short‐run dynamic interactions among macroeconomic models by constructing aggregate state‐space submodels for dynamic modes corresponding with short‐run response patterns. Using the quarterly real GNP from the US, Germany, and Japan for 1974. III to 1991. I we examine dynamic interactions in the frequency ranges roughly comparable with a range of business cycle frequencies. We find that there is no (worldwide) shock common to the three countries even though the German and Japanese real GNP are affected by a common shock.

📜 SIMILAR VOLUMES

A model for the interaction of oscillati
A model for the interaction of oscillations and pattern generation with real-time computing in generic neural microcircuit models
✍ Alexander Kaske; Wolfgang Maass 📂 Article 📅 2006 🏛 Elsevier Science 🌐 English ⚖ 813 KB

It is shown that real-time computations on spike patterns and temporal integration of information in neural microcircuit models are compatible with potentially descruptive additional inputs such as oscillations. A minor change in the connection statistics of such circuits (making synaptic connection