文档介绍：本科毕业论文外文翻译
外文题目:Exploring the finance-real economy link in US: empirical
evidence from panel unit root and cointegration analysis instability
出处: Empir Econ
作者: Abdou-Aziz Niang. Abdoulaye -claude Pichery
原文:
Exploring the finance-real economy link in .: empirical evidence from panel unit root and cointegration analysis
1 Introduction
The bursting of the bubble in . financial markets in 2008 forced some of the largest and most vulnerable banks and panies in the . to declare bankruptcy or seek financial aid. Market confidence decreased sharply and despite many efforts, the . economy inevitably plunged into recession. In order to gain an understanding of likely developments in this economy, it is important to know which links actually exist between financial markets and the real economy in the . This study aims to analyze these links, targeting key areas of the . economy such as manufacturing, housing, and employment. The analysis will also address the relationship between the accumulation of twin deficits and the state of . financial markets. Specifically, we will discuss the relationships between mon factors responsible for co-fluctuations between macroeconomic data series and the variables identified as factors observed in financial markets.
The use of observed variables as proxies for underlying factors is ing an mon practice. This