The Resource The Nature of Financial and Real Business Cycles : The Great Moderation and Banking Sector Pro-Cyclicality, Balázs Égert and Douglas Sutherland, (electronic resource)

The Nature of Financial and Real Business Cycles : The Great Moderation and Banking Sector Pro-Cyclicality, Balázs Égert and Douglas Sutherland, (electronic resource)

Label
The Nature of Financial and Real Business Cycles : The Great Moderation and Banking Sector Pro-Cyclicality
Title
The Nature of Financial and Real Business Cycles
Title remainder
The Great Moderation and Banking Sector Pro-Cyclicality
Statement of responsibility
Balázs Égert and Douglas Sutherland
Creator
Contributor
Subject
Language
eng
Summary
This paper takes a fresh look at the nature of financial and real business cycles in OECD countries using annual data series and shorter quarterly and monthly economic indicators. It first analyses the main characteristics of the cycle, including the length, amplitude, asymmetry and changes of these parameters during expansions and contractions. It then studies the degree of economic and financial cycle synchronisation between OECD countries but also of economic and financial variables within a given country, and gauges the extent to which cycle synchronisation changed over time. Finally, the paper provides some new evidence on the drivers of the great moderation and analyses the banking sector{u2019}s pro-cyclicality by using aggregate and bank-level data. The main findings show that the amplitude of the real business cycle was becoming smaller during the great moderation, but asset price cycles were becoming more volatile. In part this was linked to developments in the banking sector which tended to accentuate pro-cyclical behaviour
Member of
Cataloging source
SFB
http://library.link/vocab/creatorName
Égert, Balázs
Government publication
international or intergovernmental publication
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
Sutherland, Douglas
Series statement
OECD Economics Department Working Papers,
Series volume
no.938
http://library.link/vocab/subjectName
Economics
Label
The Nature of Financial and Real Business Cycles : The Great Moderation and Banking Sector Pro-Cyclicality, Balázs Égert and Douglas Sutherland, (electronic resource)
Instantiates
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
778885337
Dimensions
cm.
Extent
1 online resource (44 pages)
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5k9h28k3gt24-en
Specific material designation
remote
System control number
(OCoLC)778885337
Label
The Nature of Financial and Real Business Cycles : The Great Moderation and Banking Sector Pro-Cyclicality, Balázs Égert and Douglas Sutherland, (electronic resource)
Publication
Antecedent source
not applicable
Carrier category
online resource
Carrier category code
  • cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
  • txt
Content type MARC source
rdacontent
Control code
778885337
Dimensions
cm.
Extent
1 online resource (44 pages)
File format
one file format
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
  • c
Other control number
10.1787/5k9h28k3gt24-en
Specific material designation
remote
System control number
(OCoLC)778885337

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