Has Globalization Really Increased Business Cycle Synchronization? »
Journal Issue
Volume/Issue: 2016/54
Series: IMF Working Papers
Author(s): Eric Monnet , and Damien Puy
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 08 March 2016
DOI: http://dx.doi.org/10.5089/9781513564890.001
ISBN: 9781513564890
Keywords: International Business Cycles, Synchronization, business cycle, economies, Open Economy Macroeconomics, International Policy Coordination and Transmission, All Countries,
This paper assesses the strength of business cycle synchronization between 1950 and 2014 in a sample of 21 countries using a new quarterly dataset based on IMF archival data. Contrary to the common wisdom, we find...