| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w16103 |
| 来源ID | Working Paper 16103 |
| International Business Cycle Synchronization in Historical Perspective | |
| Michael D. Bordo; Thomas F. Helbling | |
| 发表日期 | 2010-06-17 |
| 出版年 | 2010 |
| 语种 | 英语 |
| 摘要 | In this paper, we review and attempt to explain the changes in business cycle synchronization among 16 industrial countries and the over the past century and a quarter, demarcated into four exchange rate regimes. We find that there is a secular trend towards increased synchronization for much of the twentieth century and that it occurs across diverse exchange rate regimes. This finding is in marked contrast to much of the recent literature, which has focused primarily on the evidence for the past 20 or 30 years and which has produced mixed results. We then examine the role of global shocks and shock transmission in the trend toward synchronization. Our key finding here is that global (common) shocks generally are the dominant influence. |
| 主题 | International Economics ; History |
| URL | https://www.nber.org/papers/w16103 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/573777 |
| 推荐引用方式 GB/T 7714 | Michael D. Bordo,Thomas F. Helbling. International Business Cycle Synchronization in Historical Perspective. 2010. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w16103.pdf（293KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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