Detail Business Cycle Transmisson Between The United States and Japan : A Vector Error Correction Approach   Oleh:  Selover, David D. Jenis: Article from Bulletin/Magazine Dalam koleksi: JAPAN AND THE WORLD ECONOMY vol. 9 no. 3 (1997), page 385-412. Topik: business cycle; business cycle; vector error Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ47.7 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel This study investigates the transmission of business cycle fluctuations between the United States (US) and Japan. Testing for the existence of business cycle transmission between the US and Japan involves the formulation of a vector error correction model which includes industrial production, prices, interest rates and the exchange rate for both countries. The model verifies the short - term links between the US and Japan while controlling for global oil prices. The transmission between the two economies is relatively modest. Thus the US does not 'drive’ the Japanese economy, rather it transmits shocks which partially synchronize the two economies, perhaps through the 'mode - lock’ phenomenon. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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