Wälti, Sébastien - Volkswirtschaftliche Fakultät, … - 2010
degree of business cycle interdependence between the two groups of economies, and it can be tested as such. We develop an … innovative measure of business cycle interdependence based on the Euclidean distance, available at the annual frequency, which … approaches point to the same conclusion: there has been no decoupling in recent years. In fact, the degree of business cycle …