Strohsal, Till; Proaño Acosta, Christian; Wolters, Jürgen - 2015
new evidence for the US and the UK. Considering the properties of the data in both the time and the frequency domains, we … find a strong relation between the financial cycles of the US and the UK. US financial cycles have a significant impact on … the UK, but not the other way around. The relation is clearly most pronounced for cycles between 8 and 30 years, which is …