Imbs, Jean - C.E.P.R. Discussion Papers - 2003
intranational data to evaluate the linkages between trade in goods, trade in financial assets, specialization and business cycles …) Simultaneity is important, as both trade and financial openness have a direct and an indirect effect on cycles of synchronization … sizeable effect on business cycles, above and beyond their reflection of intra-industry trade and of openness to goods and …