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. [Working Paper No. 182]
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Date of creation: Sep 2010
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synchronization; recessions; international; global recession; policy actions;
Other versions of this item:
- Pami Dua & Anirvan Banerji, 2009. "Synchronization Of Recessions In Major Developed And Emerging Economies," Working papers 182, Centre for Development Economics, Delhi School of Economics.
- NEP-ALL-2010-09-25 (All new papers)
- NEP-MAC-2010-09-25 (Macroeconomics)
- NEP-OPM-2010-09-25 (Open Economy Macroeconomics)
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- Allan Layton & Anirvan Banerji, 2003.
"What is a recession?: A reprise,"
Taylor & Francis Journals, vol. 35(16), pages 1789-1797.
- Allan P. Layton & Anirvan Banerji, 2001. "What Is A Recession?: A Reprise," School of Economics and Finance Discussion Papers and Working Papers Series 095, School of Economics and Finance, Queensland University of Technology.
- 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.
- 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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