Synchronisation of Recessions in Major Developed and Emerging Economies

Anirvan Banerji () and Pami Dua

Margin: The Journal of Applied Economic Research, 2010, vol. 4, issue 2, 197-223

Abstract: This paper examines various measures of synchronisation of recessions, including clustering of the onset of recession across economies, proportion of economies in expansion and the diffusion index of international coincident indexes, and shows that the recent global recession is possibly the most concerted in the post-world-war period. Factors that contributed to the synchronisation and severity of the recession, such as trade and financial linkages and timing of policy actions, are analysed.

Keywords: Global Recession; Synchronisation; Trade and Financial Linkages; Leading Index; JEL Classifications: E32; JEL Classifications: E37 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (7)

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Related works:
Working Paper: Synchronization of Recessions in Major Developed and Emerging Economies (2010)
Working Paper: SYNCHRONIZATION OF RECESSIONS IN MAJOR DEVELOPED AND EMERGING ECONOMIES (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:sae:mareco:v:4:y:2010:i:2:p:197-223

DOI: 10.1177/097380101000400204

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