This paper examines the characteristics of business cycles in and across Sweden and Finland during the postwar period. We find that output fluctuations in Sweden and Finland are highly correlated to two measures of the international business cycle, a European and a non-European common business...

This paper investigates the international business cycle with new sector level data on hours and output for Canada, Germany, France, Italy, the United Kingdom and the United States from 1992 Q1 to 2011 Q3. We estimate a Bayesian dynamic common factor model on this disaggregate data to decompose...

This paper studies the role of differences in the patterns of production and international trade on the business cycle volatility of emerging and developed economies. We study a multi-sector small open economy in which firms produce and trade commodities and manufactures. We estimate the model...

This paper uses a gravity model of migration to analyze how income differentials affect the flow of immigrants into U.S. states using annual data from the American Community Survey. We add to existing literature by decomposing income differentials into short- and long-term components and by...

In this study, we use the tools of cross-spectral analysis and structural vector autoregression (SVAR) modelling to investigate whether there exists a significant link between the movement of the cyclical component of real GDP in developed and emerging economies. Specifically, we look at the...