Series: IMF Working Papers
Author(s): Ayhan Kose , Marco Terrones , and Eswar Prasad
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2003
Keywords: macroeconomic fluctuations, volatility, correlations, globalization period, business cycle, growth rates, Open Economy Macroeconomics, International Policy Coordination and Transmission, International Factor Movements and International Business,
This paper analyzes the evolution of volatility and cross-country comovement in output, consumption, and investment fluctuations using two distinct datasets. The results suggest that there has been a significant de...