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Has Globalization Increased the Synchronicity of International Business Cycles?

Berge, Travis J. - 2013

The past 30 years have been witness to an inexorable change in the degree to which economies are connected internationally. At the same time, the 2007-2008 recession was the first ‘global recession' in decades. This article explores how international trade and cross-border holdings financial...

Persistent link: https://www.econbiz.de/10013089829

Global Business Cycles : Convergence or Decoupling?

Kose, M. Ayhan - 2009

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

Persistent link: https://www.econbiz.de/10013156267

Increasing Business Cycles Synchronization : The Role of Global Value Chains, Market Power and Extensive Margin Adjustments

de Soyres, Francois - 2020

In this note, based on de Soyres and Gaillard (2019a, 2019b), we argue that the propagation of shocks across countries through trade linkages is large and propose the first model that accounts for such propagation with a magnitude in line with the data

Persistent link: https://www.econbiz.de/10012834729

Volatility and Comovement in a Globalized World Economy An Empirical Exploration

Kose, M. Ayhan - 2006

. However, for emerging market economies, financial globalization appears to have been associated, on average, with an increase … corresponding world aggregates …

Persistent link: https://www.econbiz.de/10012782433

Measures of Participation in Global Value Chains and Global Business Cycles

Wang, Zhi - 2017

This paper makes two methodological contributions. First, it proposes a framework to decompose total production activities at the country, sector, or country-sector level, to different types, depending on whether they are for pure domestic demand, traditional international trade, simple GVC...

Persistent link: https://www.econbiz.de/10012960797

Global Inflation Synchronization

Ha, Jongrim - 2019

We study the extent of global inflation synchronization using a dynamic factor model in a large set of countries over a half century. Our methodology allows us to account for differences across groups of countries (advanced economies and emerging market and developing economies) and to analyze...

Persistent link: https://www.econbiz.de/10012890622

Global Inflation Synchronization

Ha, Jongrim - 2019

The paper studies the extent of global inflation synchronization using a dynamic factor model in a large set of countries over a half century. The authors' methodology allows them to account for differences across groups of countries (advanced economies and emerging market and developing...

Persistent link: https://www.econbiz.de/10012891045

International Comovement in the Global Production Network

Huo, Zhen - 2019

This paper provides a general and unified framework to study the role of production networks in international GDP comovement. We first derive an additive decomposition of bilateral GDP comovement into components capturing shock transmission and shock correlation. We quantify this decomposition...

Persistent link: https://www.econbiz.de/10012867903

Dynamics of Global Business Cycles Interdependence

Ductor, Lorenzo - 2015

-varying interdependence among the economic cycles of the major world economies during the post-Great moderation period. We document a … with the rest of the world around that time. Moreover, we find that the break in global interdependence can be explained by …

Persistent link: https://www.econbiz.de/10013011834

The G7 Business Cycle in a Globalized World

Carstensen, Kai - 2016

, and inflation volatility, and in global macroeconomic indicators like the oil price, world stock market returns, and … exchange rate volatility. The results indicate that in a globalized world spillovers from emerging markets and industrial … countries other than the G7 play a relevant role for major aspects of the G7 and world business cycle …

Persistent link: https://www.econbiz.de/10012986109

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