Duval, Romain; Vogel, Lukas - In: OECD Journal: Economic Studies 2008 (2008) 1, pp. 1-38
Cyclical fluctuations in economic activity have moderated over time but the extent and dynamics of volatility remain different across OECD countries. A reason behind this heterogeneity is that countries exhibit different degrees of resilience in the face of common shocks. This paper traces...