Advanced economies and emerging markets: Dissecting the drivers of business cycle synchronization
نویسندگان
چکیده
منابع مشابه
Business Cycle Linkages Among Major Advanced Economies
current policy issues involving interactions across national economies. Given that the global economy is in a synchronized slowdown in economic activity, the first two essays are devoted to an examination of the international business cycle linkages among the seven major advanced economies—hereafter called the Group of Seven (G-7) countries—and between the advanced and developing economies. The...
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Financial frictions are a central element of most of the models that the literature on emerging markets crises has proposed for explaining the Sudden Stop phenomenon. To date, few studies have aimed to examine the quantitative implications of these models and to integrate them with an equilibrium business cycle framework for emerging economies. This paper surveys these studies, viewing them as ...
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ژورنال
عنوان ژورنال: Journal of Economic Dynamics and Control
سال: 2018
ISSN: 0165-1889
DOI: 10.1016/j.jedc.2018.01.029