Synchronization Of Recessions In Major Developed And Emerging Economies
AbstractThis paper examines various measures of synchronization of recessions, including clustering of the onset of recession across economies, proportion of economies in expansion and the diffusion index of international coincident indexes, and shows that the recent global recession was possibly the most concerted in the post world war period. Factors that contributed to the synchronization and severity of the recession, such as trade and financial linkages and timing of policy actions, are analysed.
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Bibliographic InfoPaper provided by Centre for Development Economics, Delhi School of Economics in its series Working papers with number 182.
Length: 29 pages
Date of creation: Sep 2009
Date of revision:
Other versions of this item:
- Pami Dua & Anirvan Banerji, 2010. "Synchronization of Recessions in Major Developed and Emerging Economies," Working Papers id:2859, eSocialSciences.
- NEP-ALL-2010-05-02 (All new papers)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Pami Dua & Anirvan Banerji, 2000. "An Index of Coincident Economic Indicators for the Indian Economy," Working papers 73, Centre for Development Economics, Delhi School of Economics.
- Allan P. Layton & Anirvan Banerji, 2001.
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- Tiago Trancoso, 2013. "Global macroeconomic interdependence: a minimum spanning tree approach," Review of Applied Socio-Economic Research, Pro Global Science Association, vol. 5(1), pages 179-189, June.
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