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International Business Cycle Co-Movements through Time: The Anglo-Saxon Experience

Author

Listed:
  • Dan Andrews
  • Marion Kohler

Abstract

Over the past 40 years the business cycles of Anglo-Saxon countries have become more closely synchronized. This paper investigates whether the factors suggested for explaining cycle co-movements across countries can also explain changes through time. We find that most of the cross-sectional explanations – trade, industrial structure and relative market flexibility – can also explain changes through time. However, the size and sign of the impact vary across country pairs.

Suggested Citation

  • Dan Andrews & Marion Kohler, 2009. "International Business Cycle Co-Movements through Time: The Anglo-Saxon Experience," Applied Economics Quarterly (formerly: Konjunkturpolitik), Duncker & Humblot, Berlin, vol. 55(2), pages 147-172.
    • Handle: RePEc:aeq:aeqaeq:v55_y2009_i2_q2_p147-172
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    More about this item

    Keywords

    business cycle co-movement; international transmission;

    JEL classification:

    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • F15 - International Economics - - Trade - - - Economic Integration
    • F42 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Policy Coordination and Transmission

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