Growth and Cycle in the Eurozone de G. Mazzi

Growth and Cycle in the Eurozone

G. Mazzi

G. Savio

This book presents recent theoretical and empirical advances on business cycle analysis with particular attention to Euro-zone characteristics. It also seeks to increase interaction between academics, researchers and institutions in the area of business cycle analysis.

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CONTENTS PART 1: BUSINESS CYCLE AND OFFICIAL STATISTICS Official Statistics for Business Cycle Analysis; G.L.Mazzi & G.Savio PART 2: MULTIVARIATE STATISTICAL METHODS AND RECENT ADVANCES IN BUSINESS CYCLE ANALYSIS Bayesian Inference on Dynamic Models with Latent Factors; M.Billio, R.Casarin & D.Sartore Output Fluctuations in G7 Countries: A Time-scale Decomposition Analysis; M.Crivellini, M.Gallegati, M.Gallegati & A.Palestrini Trend Estimation, Signal-noise Ratios and the Frequency of Observations; A.C.Harvey & T.M.Trimbur Bayes Estimates of the Cyclical Component in Twentieth Century US Gross Domestic Product; A.C.Harvey, T.M.Trimbur & H.K.van Dijk The Extent of Seasonal/Business Cycle Interactions in European Industrial Production; D.R.Osborn & A.Matas-Mir PART 3: SYNCHRONIZATION AND CONVERGENCE Interacting Two-country Business Fluctuations: Euroland and the USA; T.Asada, C.Chiarella, P.Flaschel & R.Franke How Does the Eurozone Respond to Shocks? A Common Trends and Common Cycles Analysis; R.Astolfi How Similar are European Business Cycles?; M.U.Bergman A Nonparametric Analysis of International Business Cycles; M.Bovi Measuring the Sources of Cyclical Fluctuations in the G7 Economies; M.Centoni, G.Cubadda & A.Hecq Synchronisation of National Business Cycles in Europe?; G.Flaig, J-E.Sturm & U.Woitek Modelling the Dynamic Convergence of Business Cycles; M.Lemoine The Economic Integration of Candidate Countries in the European Union: An Analysis with a Three-level Dynamic Factor Model; M.Marini European Business Cycle Affiliations with the USA; P.J.Perez, D.R.Osborn & M.Sensier VAR Modelling of the Euro-area GDP on the Basis of Principal Component Analysis; N.Sdrakas PART 4: COMPOSITE INDICATORS AND FORECASTING OF ECONOMIC ACTIVITY A Time-Series Disaggregated Model to Forecast GDP in the Eurozone; R.Minguez & A.Espasa Real-time Detection of the Business Cycle using SETAR Models; L.Ferrara & D.Guégan Business Survey Data: Do They Help in Forecasting GDP Growth?;J.Hansson, P.Jansson & M.Löf PART 5: TURNING POINTS DATING AND DETECTION Business Cycle Analysis with Multivariate Markov Switching Models; J.Anas, M.Billio, L.Ferrara & M.Lo Duca A Turning-Point Chronology for the Eurozone; J.Anas, L.Ferrara, M.Billio, M.Lo Duca Basic Characteristics of the Euro-area Business Cycle; A.Musso PART 6: OUTPUT GAP MEASUREMENT Stability Analysis in ARMA and Unobserved Component Models; J.Del Hoyo Bernat & J.L.Cenejas Bueno Simultaneous Determination of NAIRU, Output Gaps and Structural Budget Balances; G.Hjelm Density Estimates for Real-time Eurozone Output Gap Estimates; J.Mitchell Optimal Bandpass Filtering and the Reliability of Current Analysis; S.van Norden PART 7: MONETARY POLICY AND BUSINESS CYCLES Monetary and Fiscal Policy Transmission in the Euro-area: Evidence from a Structural VAR Analysis; B.van Aarle, H.Garretsen & N.Gobbin Business Cycle Fluctuations in the Euro-area; N.Cassola & C.Morana Measuring the 'Financing Gap' of European Corporations: An Update; F.Galizia The 'Savings Gap' of European Corporations: A First Look at the Available Data; F.Galizia with T.Steinberge r Explaining the Time-varying NAIRU in the Euro-area; C.Logeay & S.Tober Asymmetries and Credibility in Monetary Policy of Euro-area; K.Mouratidis

Notă biografică

BAS VAN AARLE Faculty of Economics and Applied Economics, Catholic University of Leuven, BelgiumJACQUES ANAS Centre d' Observation Economique, FranceTOICHIRO ASADA Faculty of Economics, Chuo University, JapanROBERTO ASTOLFI Direzione Centrale della Contabilità Nazionale, ISTAT, ItalyMICHAEL U. BERGMAN Department of Economics, University of Copenhagen, DenmarkMONICA BILLIO Dipartimento di Economia, Università di Venezia, ItalyMAURIZIO BOVI Institute for Studies and Economic Analyses, ISAE, ItalyROBERTO CASARIN Dipartimento di Economia, Università di Venezia, ItalyNUNO CASSOLA Directorate General Economics, European Central Bank, GermanyJOSÉ LUIS CEDEJAS BUENO Departamento de Análisis Económico, Universidad Autónoma de Madrid, SpainMARCO CENTONI Dipartimento SEGeS, Università del Molise, ItalyCARL CHIARELLA School of Finance and Economics, University of Technology Sydney, AustraliaMARCO CRIVELLINI Dipartimento di Economia, Università Politecnica delle Marche, ItalyGIANLUCA CUBADDA Dipartimento SEFEMEQ, Università di Roma,Tor Vergata, ItalyHERMAN K. VAN DIJK Econometric Institute, Erasmus University, The NetherlandsJUAN DEL HOYO BERNAT Departamento de Análisis Económico, Universidad Autónoma de Madrid, SpainANTONI ESPASA Departamento de Métodos Cuantitativos para la Economía, Universidad San Pablo-CEU and Univ. Carlos III, SpainLAURENT FERRARA Centre d' Observation Economique, FranceGEBHARD FLAIG Department of Business CycleAnalyses and Financial Markets, Ifo Institute for Economic Research, GermanyPETER FLASCHEL Department of Economics, Bielefeld University, GermanyREINER FRANKE Technische Universität Wien, AustriaFEDERICO GALIZIA European Investment Bank, LuxembourgMARCO GALLEGATI Dipartimento di Economia, Università Politecnica delle Marche, ItalyMAURO GALLEGATI Dipartimento di Economia, Università Politecnica delle Marche, ItalyHARRY GARRETSEN Utrecht School of Economics, Utrecht University, The NetherlandsNIKO GOBBIN Department of Economics, Universiteit Gent, BelgiumDOMINIQUE GUÉGAN Departement d.Economie et Gestion, MORA-CNRS, FranceJESPER HANSSON Institute of Economics, University of Copenhagen, DenmarkANDREW C. HARVEY Department of Economics and Politics, University of Cambridge, UKALAIN HECQ Department of Quantitative Economics, Universiteit Maastricht, The NetherlandsGÖRAN HJELM National Institute of Economic Research, SwedenPER JANSSON Deputy Head, Monetary Policy Department, Sveriges Riksbank, SwedenMATTHIEU LEMOINE Observatoire Français des Conjonctures Economiques, FranceMARCO LO DUCA GRETA Associati, ItalyMÅRTEN LÖF National Institute of Economic Research, SwedenCAMILLE LOGEAY Institut für Makroökonomie und Konjunkturforschung (IMK), GermanyMARCO MARINI Direzione Centrale della Contabilità Nazionale, ISTAT, ItalyANTONIO MATAS-MIR Directorate General Statistics, European Central Bank, GermanyROMAN MINGUEZ Departamento de Métodos