Pomenková, Jitka; Fidrmuc, Jarko; Korhonen, Iikka - Siirtymätalouksien tutkimuslaitos, Suomen Pankki - 2014
We employ a wavelet spectrum analysis to study globalization and business cycles in China and G7 countries. The co …-movement synchronization between G7 countries and China is shown to have undergone frequent and large changes during our sample period. The co …-movements for business cycle frequencies are generally different from those for other frequencies, and synchronization with China …