cycle features. Business cycle synchronization is tightly related to similarities in the institutional environment …

We analyze the role of fiscal policy and intra-European trade in business cycle synchronization in the EU for the … between trade integration and cyclical synchronization are subject to endogeneity problems. We instrument fiscal budget … trade integration are important determinants of cyclical synchronization. We can conclude that once a high degree of trade …

, we also examine the determinants of business cycle synchronization for the countries in our sample. In contrast to … earlier studies which seek to account for such synchronization using gravity arguments as well as trade intensity and …

system. Our results show (1) that the dynamics of globalization has been more driven by synchronization in regional growth … patterns than by the synchronization of the world economy as a whole in contrast with other empirical works and (2) that world …

system. Our results show (1) that the dynamics of globalization has been more driven by synchronization in regional growth … patterns than by the synchronization of the world economy as a whole in contrast with other empirical works and (2) that world …

The analysis of synchronization among regional or national business cycles has recently been attracting a growing … certain level of synchronization, some economies might be systematically ahead of others along the swings of the business …

properly in order to identify the synchronization behavior across countries. Our results suggest that there is a relevant … influence from the US cycle, since it acts as a source of international business cycle synchronization. However, spillovers from …

This paper examines various measures of synchronization of recessions, including clustering of the onset of recession … the synchronization and severity of the recession, such as trade and financial linkages and timing of policy actions, are …