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

Nikolaos Antonakakis

Economics Letters, 2012, vol. 117, issue 2, 467-472

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.

Keywords: Dynamic conditional correlation; Business cycles synchronization; Recession; Globalization (search for similar items in EconPapers)
JEL-codes: E3 E32 F4 F41 N10 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (28)

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Working Paper: Business cycle synchronization during US recessions since the beginning of the 1870's (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:117:y:2012:i:2:p:467-472

DOI: 10.1016/j.econlet.2012.06.034

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