Volatility and Comovement in a Globalized World Economy : An Empirical Exploration

An Empirical Exploration

Volatility and Comovement in a Globalized World Economy : An Empirical Exploration
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 decline in the volatility of business cycle fluctuations and a slight increase in the degree of cyclical comovement among... READ MORE...

Publication date: December 2003
ISBN 9781451875874
$15.00

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