The Synchronization of GDP Growth in the G7 during U.S. Recessions. Is this Time Different?

Using the dynamic conditional correlation (DCC) model due to Engle (2002), we estimate time varying correlations of quarterly real GDP growth among the G7 countries. In general, we find that rathe heterogeneous patterns of international synchronization exist during U.S. recessions. During the 2007 - 2009 recession, however, international co-movement increased substantially.

MoreLess

Year of publication:	2010-04
Authors:	Antonakakis, Nikolaos ; Scharler, Johann
Institutions:	Institut für Volkswirtschaftslehre, Johannes-Kepler-Universität Linz
Subject:	Dynamic conditional correlation \| Business cycle synchronization \| Recession

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	Economics working papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2010-05 11 pages
Classification:	E3 - Prices, Business Fluctuations, and Cycles ; E32 - Business Fluctuations; Cycles ; F4 - Macroeconomic Aspects of International Trade and Finance ; F41 - Open Economy Macroeconomics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008561013