The Worldwide Business Cycle Synchronization Evolution
نویسنده
چکیده
This paper analyses the evolution of the business cycle worldwide synchronization since 1960. For that, it purposes a correlation index that allows to measure the cross-country synchronization period per period rather than using time windows. This new methodlogy allows to control for outliers when synchronizion across countries increased/droped unexpectedly in single years, and so, it can check if the changes to the world synchronization described in previous literature is permanent or just a reex of non-controlled outliers. JEL code: C33, E32, F42
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