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

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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
Number of pages	6
Journal	Economics Letters
Volume	117
Issue number	2
DOIs	https://doi.org/10.1016/j.econlet.2012.06.034
Publication status	Published - Nov 2012

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http://www.sciencedirect.com/science/article/pii/S0165176512003679

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

Abstract

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