Business cycle synchronization during US recessions since the beginning of the 1870s

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.

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Year of publication:	2012
Authors:	Antonakakis, Nikolaos
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 117.2012, 2, p. 467-472
Publisher:	Elsevier
Subject:	Dynamic conditional correlation \| Business cycles synchronization \| Recession \| Globalization

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Type of publication:	Article
Classification:	E3 - Prices, Business Fluctuations, and Cycles ; E32 - Business Fluctuations; Cycles ; F4 - Macroeconomic Aspects of International Trade and Finance ; F41 - Open Economy Macroeconomics ; N10 - Macroeconomics and Monetary Economics; Growth and Fluctuations. General, International, or Comparative
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010580451