Please use this identifier to cite or link to this item:
http://bura.brunel.ac.uk/handle/2438/14721
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Agnello, L | - |
dc.contributor.author | Caporale, GM | - |
dc.contributor.author | Sousa, R | - |
dc.date.accessioned | 2017-06-08T13:52:30Z | - |
dc.date.available | 2017 | - |
dc.date.available | 2017-06-08T13:52:30Z | - |
dc.date.issued | 2016 | - |
dc.identifier.citation | Bulletin of Economic Research, (2016) | en_US |
dc.identifier.uri | http://bura.brunel.ac.uk/handle/2438/14721 | - |
dc.description.abstract | Using quarterly data for a panel of advanced economies, we show that synchronized fiscal consolidation (stimulus) programmes in different countries make their business cycles more closely linked. We also find: (i) some evidence of decoupling when an inflation targeting regime is unilaterally adopted; (ii) an increase in business cycle synchronization when countries fix their exchange rates and become members of a monetary union; (iii) a positive effect of bilateral trade on the synchronization of business cycles. Global factors, such as a rise in global risk aversion and uncertainty and a reversal of nonstandard expansionary monetary policy, can also reduce the degree of co-movement of business cycles across countries. From a policy perspective, our work shows that an inflation targeting regime coupled with simultaneous fiscal consolidations can lead to more business cycle synchronization. | en_US |
dc.language.iso | en | en_US |
dc.publisher | Wiley: | en_US |
dc.subject | Fiscal consolidation | en_US |
dc.subject | Fiscal stimulus | en_US |
dc.subject | Business cycle synchronization | en_US |
dc.subject | JEL classification numbers | en_US |
dc.subject | C41 | en_US |
dc.subject | E62 | en_US |
dc.title | How Do Fiscal Consolidation and Fiscal Stimuli Impact On The Synchronization of Business Cycles? | en_US |
dc.type | Article | en_US |
dc.relation.isPartOf | Bulletin of Economic Research | - |
pubs.publication-status | Accepted | - |
Appears in Collections: | Dept of Economics and Finance Research Papers |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
Fulltext.pdf | 127.27 kB | Adobe PDF | View/Open |
Items in BURA are protected by copyright, with all rights reserved, unless otherwise indicated.