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• W1486085808 abstract "This paper analyses the comovement of the German and Austrian economies and the transmission of German shocks to Austria. Static and dynamic correlation measures show a strong comovement and a change of the relative position in time of these two economies. The transmission of German shocks to Austria is analysed with a two-country VAR model. Using sign restrictions on impulse response functions, we identify German supply, demand and monetary policy shocks. We find that the average reaction of the Austrian economy to German shocks amounts to 44% of the German reaction and remains broadly stable over time." @default.
• W1486085808 created "2016-06-24" @default.
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• W1486085808 date "2007-05-14" @default.
• W1486085808 modified "2023-09-27" @default.
• W1486085808 title "Transmission of Business Cycle Shocks between Unequal Neighbours: Germany and Austria" @default.
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• W1486085808 hasPublicationYear "2007" @default.
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