| Description |
1 online resource (26 pages) |
| Series |
IMF Working Papers ; Working Paper No. 90/4 |
|
IMF Working Papers ; Working Paper no. 90/4
|
| Summary |
Empirical research has been conducted on the various theories of the business cycle over many countries. However, very little research has attempted to undertake a multi-country disaggregate investigation into the sources of output change. This paper decomposes fluctuations in industry output in a particular country into: (1) a nation specific shock; (2) an industry specific shock; (3) a world shock; and (4) an idiosyncratic factor. Using a dynamic factor analysis-state-space approach, the paper finds that the nation-specific shock is the most important impulse |
| Notes |
English |
| Form |
Electronic book
|
| Author |
Schlagenhauf, Don E
|
|
Norrbin, Stefan C
|
| ISBN |
9781455203918 |
|
1455203912 |
|
1462310761 |
|
9781462310760 |
|
