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

Nikolaos Antonakakis

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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
    Number of pages6
    JournalEconomics Letters
    Volume117
    Issue number2
    DOIs
    Publication statusPublished - Nov 2012

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