, consumption, and investment volatility in the globalization period than in the BW period. These findings suggest that the degree …This paper studies the changes in world business cycles during 1960-2003. We employ a Bayesian dynamic latent factor … globalization period (1986-2003). The results indicate that the common (G-7) factor explains a larger fraction of output …

globalization (1985-2005), there has been some convergence of business cycle fluctuations among the group of industrial economies …

declined over the same period. In short, the recent era of globalization has witnessed the emergence of regional business …

shocks in China. …

-recipient countries and the rest of the world. Using both aggregate and bilateral remittances data in a panel data setting, the study …

these linkages have increased the share of growth volatility that can be attributed to foreign shocks in LICs. Dynamic panel …

light of the 2008-09 global recession. Using structural VAR models, it is found that a one percent shock to U.S. growth …