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Dancing in Unison ? Economists lack evidence of increasing synchronization of the world's economies

Author

Listed:
  • Robin Brooks

    (IMF's Research Department - Fonds monétaire international)

  • Kristin Forbes

    (MIT Sloan - Sloan School of Management - MIT - Massachusetts Institute of Technology)

  • Jean Imbs

    (Center for Economic Research - CEPR, London Business School)

  • Ashoka Mody

    (IMF's Research Department - Fonds monétaire international)

Abstract

Globalization is increasing the links between the world's economies, particularly through capital markets and trade flows. Does the growing importance of these links mean that international policy coordination is now a necessity for effective policymaking? How sensible is it, in an increasingly global economy, to make policy decisions largely at the national level? These questions came to the fore when, after a decade of economic expansion, growth slowed simultaneously in early 2000 in the advanced economies known as the Group of Seven (G-7)--Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.

Suggested Citation

  • Robin Brooks & Kristin Forbes & Jean Imbs & Ashoka Mody, 2003. "Dancing in Unison ? Economists lack evidence of increasing synchronization of the world's economies," Post-Print hal-00612660, HAL.
    • Handle: RePEc:hal:journl:hal-00612660
    as

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    Cited by:

    1. Raj Aggarwal & Brian M. Lucey & Cal Muckley, 2004. "Dynamics of Equity Market Integration in Europe: Evidence of Changes over time and with events," The Institute for International Integration Studies Discussion Paper Series iiisdp019, IIIS.

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