Exporting recessions: International links and the business cycle

Economics Letters

Volumn 110, Issue 1, 2011, Pages 12-14

  Yetman, James ^a  

^a BANK FOR INTERNATIONAL SETTLEMENTS   (Switzerland)

Author keywords

Business cycle co movement; Correlation coefficient; Decoupling

Indexed keywords

EID: 77958599421     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.econlet.2010.09.013     Document Type: Article

References (32)

1. Abbott Andrew, Easaw Joshy, Xing Tao Trade integration and business cycle convergence: is the relation robust across time and space?. Scandinavian Journal of Economics 2008, 110(2):403-417.
2. Akin, Cigdem, 2008. "Multiple Determinants of Business Cycle Synchronization", Manuscript.
3. Akin Cigdem, Kose M.Ayhan Changing nature of north-south linkages: stylized facts and explanations. Journal of Asian Economics 2008, 19(1):1-28.
4. Baxter Marianne, Kouparitsas Michael A. Determinants of business cycle comovement: a robust analysis. Journal of Monetary Economics 2005, 52(1):113-157.
5. Bordo Michael D., Helbling Thomas Have national business cycles become more synchronized?. NBER Working Paper 10130 2003.
6. Calderón César, Chong Alberto, Stein Ernesto Trade intensity and business cycle synchronization: are developing countries any different?. Journal of International Economics 2007, 71(1):2-21.
7. Canova Fabio, Ciccarelli Matteo, Ortega Eva Similarities and convergence in G-7 cycles. Journal of Monetary Economics 2007, 54(3):850-878.
8. Clark Todd, van Wincoop Eric Borders and business cycles. Journal of International Economics 2001, 55(1):59-85.
9. Crosby Mark Business cycle correlations in Asia-Pacific. Economics Letters 2003, 80(1):35-44.
10. Darvas Zsolt, Rose Andrew K., Szapáry György Fiscal divergence and business cycle synchronization: irresponsibility is idiosyncratic. NBER Working Paper 11580 2005.
11. Del Negro Marco, Otrok Christopher Dynamic factor models with time-varying parameters: measuring changes in international business cycles. Federal Reserve Bank of New York Staff Report 326 2008.
12. Filardo Andrew J., Gordon Stephen F. International co-movement of business cycles. Federal Reserve Bank of Kansas City Working Paper 94-11 1994.
13. Frankel Jeffrey A., Rose Andrew K. The endogeneity of the optimum currency area criteria. The Economic Journal 1998, 108(449):1009-1025.
14. Furceri Davide, Karras Georgios Business-cycle synchronization in the EMU. Applied Economics 2008, 40(12):1491-1501.
15. Gerlach H.M.Stefan World business cycles under fixed and flexible exchange rates. Journal of Money Credit and Banking 1988, 20(4):621-632.
16. Gregory Allan W., Head Allen C., Raynauld Jacques Measuring world business cycles. International Economic Review 1997, 38(3):677-701.
17. Gruben William C., Koo Jahyeong, Millis Eric How much does international trade affect business cycle synchronization?. Federal Reserve Bank of Dallas Working Paper 0203 2002.
18. Hamilton James D. What's real about the business cycle?. Federal Reserve Bank of St Louis Review 2005, 87(4):435-452.
19. Heathcote Jonathan, Perri Fabrizio Why has the U.S. economy become less correlated with the rest of the world?. American Economic Review (Papers and Proceedings 2003, 93(2):63-69.
20. Helbling Thomas, Bayoumi Tamim Are they all in the same boat? The 2000-2001 growth slowdown and the G-7 business cycle linkages. IMF Working Paper 03/46 2003.
21. Hoffmaister Alexander W., Pradhan Mahmood, Samiei Hossein Have north-south growth linkages changed?. World Development 1998, 26(5):791-808.
22. Imbs Jean Trade, finance, specialization, and synchronization. The Review of Economics and Statistics 2004, 86(3):723-734.
23. Imbs Jean The real effects of financial integration. Journal of International Economics 2006, 68(2):296-324.
24. Inklaar Robert, Jong-a-Pin Richard, de Haan Jakob Trade and business cycle synchronization in OECD countries-a re-examination. European Economic Review 2008, 52(4):646-666.
25. International Monetary Fund Recessions and Recoveries. World Economic Outlook, April 2002 2002, Washington DC, International Monetary Fund.
26. International Monetary Fund Decoupling the Train? Spillovers and Cycles in the Global Economy. World Economic Outlook, April 2007 2007, Washington DC, International Monetary Fund.
27. Kose M.Ayhan, Otrok Christopher, Whiteman Charles H. International business cycles: world, region, and country-specific factors. The American Economic Review 2003, 93(4):1216-1239.
28. Kose M.Ayhan, Prasad Eswar S., Terrones Marco E. Volatility and comovement in a globalized world economy: an empirical exploration. IMF Working Paper 03/246 2003.
29. Kose M.Ayhan, Prasad Eswar S., Terrones Marco E. How does globalization affect the synchronization of business cycles?. The American Economic Review 2003, 93(2):57-62.
30. Kose M.Ayhan, Otrok Christopher, Prasad Eswar Global business cycles: convergence or decoupling?. IMF Working Paper 08/143 2008.
31. Kose M.Ayhan, Otrok Christopher, Whiteman Charles H. Understanding the evolution of world business cycles. Journal of International Economics 2008, 75(1):110-130.
32. Otto Glenn, Voss Graham, Willard Luke Understanding OECD output correlations. Reserve Bank of Australia Discussion Paper 2001-05 2001.