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

Nikolaos Antonakakis

doi:10.1016/j.econlet.2012.06.034

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

Nikolaos Antonakakis

Vienna University of Economics and Business

Publication: Scientific journal › Journal article › peer-review

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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.

Original language	English
Pages (from-to)	467-472
Journal	Economics Letters
Volume	117
Issue number	2
DOIs	https://doi.org/10.1016/j.econlet.2012.06.034
Publication status	Published - 1 Nov 2012

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Updated version

Austrian Classification of Fields of Science and Technology (ÖFOS)

502018 Macroeconomics

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title = "Business Cycle Synchronization During US Recessions Since the Beginning of the 1870s",

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.",

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DO - 10.1016/j.econlet.2012.06.034

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

Abstract

Bibliographical note

Austrian Classification of Fields of Science and Technology (ÖFOS)

Access to Document

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