EconPapers    
Economics at your fingertips  
 

Does the United States Lead Foreign Business Cycles?

Neville Francis, Michael Owyang () and Daniel Soques ()

Review, 2015, vol. 97, issue 2, 133-158

Abstract: The U.S. financial crisis of 2007-08 had detrimental and lasting effects on the economies of other nations, reinforcing the leading role played by the United States in the global economy. The authors assess this role by determining whether U.S. output growth informs business cycle turning points in the economies of other nations. They find that U.S. economic growth influences both the timing and duration of business cycle phases for Canada, Germany, the United Kingdom, and, to a lesser extent, Mexico. However, they find no relationship between U.S. output growth and the business cycles of France, Italy, and Japan.

JEL-codes: F44 E32 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://files.stlouisfed.org/files/htdocs/publicat ... ncisOwyangSoques.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlrv:00040

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Review from Federal Reserve Bank of St. Louis Contact information at EDIRC.
Bibliographic data for series maintained by ().

 
Page updated 2021-02-20
Handle: RePEc:fip:fedlrv:00040