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

Nikolaos Antonakakis

Publication: Scientific journalJournal articlepeer-review


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.
Original languageEnglish
Pages (from-to)467 - 472
JournalEconomics Letters
Issue number2
Publication statusPublished - 1 Aug 2012

Austrian Classification of Fields of Science and Technology (ÖFOS)

  • 502018 Macroeconomics

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