Aruoba, S. Borağan; Diebold, Francis X.; Kose, M. Ayhan; … - 2021
to the G-7 countries and study various aspects of national and global business cycles, obtaining three main results …. First, our measure of the global business cycle, the common G-7 real activity factor, explains a significant amount of cross …-country variation and tracks the major global cyclical events of the past forty years. Second, the common G-7 factor and the …