Bataa, Erdenebat; Osborn, Denise R.; Sensier, Marianne; … - School of Economics, University of Manchester - 2009
We investigate changes in international business cycle affiliations using an iterative procedure for detecting system …-wide structural breaks. We analyze GDP growth rates in two systems, one with the US, Euro-area, UK and Canada and the other for the … Euro-area countries of France, Germany and Italy. We discover that international dynamic interactions change in both the …