BUSINESS CYCLE SYNCHRONIZATION SINCE 1880

被引：22

作者：

Artis, Michael ^{[1
,2
]}

Chouliarakis, George ^{[3
]}

Harischandra, P. K. G. ^{[4
]}

机构：

[1] Univ Manchester, London, England

[2] Ctr Econ Policy Res, London, England

[3] Univ Manchester, Manchester M13 9PL, Lancs, England

[4] Cent Bank Sri Lanka, Colombo, Sri Lanka

来源：

MANCHESTER SCHOOL | 2011年 / 79卷 / 02期

关键词：

GROSS-NATIONAL-PRODUCT; ERM;

D O I：

10.1111/j.1467-9957.2010.02239.x

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper studies the international business cycle behaviour across 25 advanced and emerging market economies for which 125 years of annual GDP data are available. The picture that emerges is more fragmented than the one drawn by studies that focused on a narrower set of advanced market economies. The paper offers evidence in favour of a secular increase in international business cycle synchronization within a group of European and a group of English-speaking economies that started during 1950-1973 and accelerated since 1973. Yet, in other regions of the world, country-specific shocks are still the dominant forces of business cycle dynamics.

引用

页码：173 / 207

页数：35

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