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Business Cycle Synchronization During US Recessions Since the Beginning of the 1870s

Antonakakis, Nikolaos (2012) Business Cycle Synchronization During US Recessions Since the Beginning of the 1870s. Economics Letters, 117 (2). pp. 467-472. ISSN 0165-1765

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Abstract

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)

Item Type: Article
Additional Information: To see the final version of this paper please visit the publisher's website. Access to the published version may require a subscription.
Keywords: dynamic conditional correlation / business cycles synchronization / recession / Globalisation
Classification Codes: JEL E3, E32, F4, F41, N10
Divisions: Departments > Volkswirtschaft > Internationale Wirtschaft
Version of the Document: Accepted for Publication
Variance from Published Version: None
Depositing User: Nikolaos Antonakakis
Date Deposited: 20 Aug 2012 14:56
Last Modified: 11 May 2015 16:23
Related URLs:
URI: http://epub.wu.ac.at/id/eprint/3602

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