This paper examines the synchronization of business cycles across the G7 countries during US recessions since the 1870s. Using a dynamic measure of correlations, results depend on the globalization period under consideration. During the 2007-2009 recession, business cycles co-movements increased to unprecedented levels. (author's abstract)
| Identifer | oai:union.ndltd.org:VIENNA/oai:epub.wu-wien.ac.at:3602 |
| Date | 11 1900 |
| Creators | Antonakakis, Nikolaos |
| Publisher | Elsevier |
| Source Sets | Wirtschaftsuniversität Wien |
| Language | English |
| Detected Language | English |
| Type | Article, PeerReviewed |
| Format | application/pdf |
| Relation | http://dx.doi.org/10.1016/j.econlet.2012.06.034, http://www.elsevier.com/wps/find/homepage.cws_home, http://www.sciencedirect.com/science/article/pii/S0165176512003679, http://epub.wu.ac.at/3602/ |
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