V. Ongoing Changes in the Business Cycle
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چکیده
The business cycle has changed over recent decades The recent period of widespread economic weakness has brought to the forefront questions about how closely economic activity is synchronised across national borders and what transmission channels serve to foster synchronisation. This chapter provides an historical context for the discussion of these issues, reviewing the general evidence on the evolution of the business cycle and synchronisation among OECD economies and selected factors affecting international transmission in the recent past.1
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تاریخ انتشار 2002