This paper re-examines the relationship between trade intensity and business cycle synchronization for 21 OECD … capturing specialisation, financial integration, and similarity of economic policies. We confirm that trade intensity affects … similar impact on business cycle synchronization as trade intensity. Finally, we find that the effect of trade on business …

negative, but they are also influenced most by the global financial crisis. Finally, we find a significant link between trade …

negative, but they are also influenced most by the global financial crisis. Finally, we find a significant link between trade …

-cycle frequencies and positive for short-run developments. Furthermore, trade and financial flows of OECD countries and China reduce the …

though trade and financial flows do not really increase correlations of business cycles between China and OECD countries …

. Aggregate consumption is twenty percent more volatile than output, the trade balance is much more volatile than output and is …

Fluctuations in the terms of trade-the price of a country's exports relative to the price of its imports-are a source … of perennial to policymakers in developing countries and industrialized nations alike. Terms of trade growth is extremely … fluctuations in the terms of trade. We decompose a country's terms of trade volatility into a component stemming from differences …

1930s. We argue that the culprit behind this Great Depression was the collapse of Finnish trade with the Soviet Union … of Soviet-Finnish trade can explain key features of Finland's Great Depression. We also show that Finland's Great … similar trade collapse. However, as a western democracy with developed capital markets and institutions, Finland faced none of …

synchronization and trade only for business-cycle frequencies. The co-movements at longer frequencies are negatively related to trade …, so that the overall co-movements and trade tend not to be significantly related. …