Yilmaz, Kamil - Society for Economic Dynamics - SED - 2009
We apply Diebold-Yilmaz spillover index methodology to monthly industrial production indices to study business cycle … interdependence among G-6 countries. We show evidence that business cycle spillovers fluctuate substantially over time, increasing … important result, however, is related to the current state of the world economy: In a matter of four months since September 2008 …