Aguiar-Conraria, Luis; Brinca, Pedro; Gudjonsson, Haukur; … - Volkswirtschaftliche Fakultät, … - 2015
. There is also a strong and significant correlation between business cycle dissimilitudes and the distance between each pair … of states, consistent to gravity type mechanisms where distance affects trade. Trade, in turn, increases business cycle …We use wavelet analysis to investigate to what extent individual U.S. states' business cycles are synchronized. The …