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:
- Anirvan Banerji & Pami Dua, 2010. "Synchronisation of Recessions in Major Developed and Emerging Economies," Margin: The Journal of Applied Economic Research, National Council of Applied Economic Research, National Council of Applied Economic Research, vol. 4(2), pages 197-223, May.
- Pami Dua & Anirvan Banerji, 2010. "Synchronization of Recessions in Major Developed and Emerging Economies," Working Papers id:2859, eSocialSciences.
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
This paper has been announced in the following NEP Reports:
- 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.:
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"What is a recession?: A reprise,"
Applied Economics, Taylor & Francis Journals,
Taylor & Francis Journals, vol. 35(16), pages 1789-1797.
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- Pami Dua & Anirvan Banerji, 2000. "An Index of Coincident Economic Indicators for the Indian Economy," Working papers, Centre for Development Economics, Delhi School of Economics 73, Centre for Development Economics, Delhi School of Economics.
- Ruth P. Mack, 1956. "Consumption and Business Fluctuations: A Case Study of the Shoe, Leather, Hide Sequence," NBER Books, National Bureau of Economic Research, Inc, number mack56-1.
- 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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