Author/Editor: Romain Houssa, Jolan Mohimont, Christopher Otrok.

Release Date:February, 2015

We examine the role of global and domestic shocks in driving macroeconomic fluctuations for Ghana. We are able to study the impact of exogenous shocks including productivity, credit supply, and more...

Author/Editor: Hideaki Hirata, M Ayhan Kose, Christopher Otrok, Marco Terrones.

Release Date:February, 2013

We examine the properties of house price fluctuations across 18 advanced economies over the past 40 years. We ask two specific questions: First, how synchronized are housing cycles across these more...

Author/Editor: Hideaki Hirata, M Ayhan Kose, Christopher Otrok.

Release Date:January, 2013

Abstract: Both global and regional economic linkages have strengthened substantially over the past quarter century. We employ a dynamic factor model to analyze the implications of these linkages for more...

Author/Editor: Thomas Helbling, Ayhan Kose, Christopher Otrok, Raju Huidrom.

Release Date:November, 2010

This paper examines the importance of credit market shocks in driving global business cycles over the period 1988:1-2009:4. We first estimate common components in various macroeconomic and financial more...

Author/Editor: Ayhan Kose, Eswar Prasad, Christopher Otrok.

Release Date:June, 2008

This paper analyzes the evolution of the degree of global cyclical interdependence over the period 1960-2005. We categorize the 106 countries in our sample into three groups-industrial countries, more...

Author/Editor: Ayhan Kose, Christopher Otrok, Charles H Whiteman.

Release Date:November, 2005

This paper studies the changes in world business cycles during 1960-2003. We employ a Bayesian dynamic latent factor model to estimate common and country-specific components in the main macroeconomic more...