Has Globalization Really Increased Business Cycle Synchronization?

Has Globalization Really Increased Business Cycle Synchronization?
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 that the globalization period is not associated with more output synchronization at the global level. The world business cycle was as... READ MORE...

Publication date: March 2016
ISBN 9781513564890
$18.00

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