We estimate world cycles using a new quarterly dataset of output, credit and asset prices assembled using IMF archives … and covering a large set of advanced and emerging economies since 1950. World cycles, both real and financial, exist and … are generally driven by US shocks. But their impact is modest for most countries. The global financial cycle is also much …

period is not associated with more output synchronization at the global level. The world business cycle was as strong during … using a new quarterly dataset based on IMF archival data. Contrary to the common wisdom, we find that the globalization … Bretton Woods (1950-1971) than during the Globalization period (1984-2006). Although globalization did not affect the average …