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

Nikolaos Antonakakis

Publication: Scientific journalJournal articlepeer-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 languageEnglish
Pages (from-to)467-472
JournalEconomics Letters
Volume117
Issue number2
DOIs
Publication statusPublished - 1 Nov 2012

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