Globalization, the Business Cycle, and Macroeconomic Monitoring
Author
Abstract
Suggested Citation
Note: AP EFG IFM
Download full text from publisher
Other versions of this item:
- S. Borağan Aruoba & Francis X. Diebold & M. Ayhan Kose & Marco E. Terrones, 2011. "Globalization, the Business Cycle, and Macroeconomic Monitoring," NBER International Seminar on Macroeconomics, University of Chicago Press, vol. 7(1), pages 245-286.
- S. Borağan Aruoba & Francis X. Diebold & M. Ayhan Kose & Marco E. Terrones, 2010. "Globalization, the Business Cycle, and Macroeconomic Monitoring," NBER Chapters, in: NBER International Seminar on Macroeconomics 2010, pages 245-286, National Bureau of Economic Research, Inc.
- S. Boragan Aruoba & Mr. Marco Terrones & Mr. Ayhan Kose & Mr. Francis X. Diebold, 2011. "Globalization, the Business Cycle, and Macroeconomic Monitoring," IMF Working Papers 2011/025, International Monetary Fund.
References listed on IDEAS
- Martin Sommer, 2009. "Why Has Japan Been Hit So Hard by the Global Recession?," IMF Staff Position Notes 2009/05, International Monetary Fund.
- Mr. Martin Sommer, 2009. "Why Has Japan Been Hit So Hard by the Global Recession?," IMF Staff Position Notes 2009/005, International Monetary Fund.
- Jean Imbs, 2010.
"The First Global Recession in Decades,"
IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 58(2), pages 327-354, December.
- Jean Imbs, 2010. "The First Global Recession in Decades," PSE-Ecole d'économie de Paris (Postprint) hal-00612515, HAL.
- Jean Imbs, 2010. "The First Global Recession in Decades," Post-Print hal-00612515, HAL.
- Jean Imbs, 2010. "The First Global Recession in Decades," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00612515, HAL.
- Imbs, Jean, 2010. "The First Global Recession in Decades," CEPR Discussion Papers 7973, C.E.P.R. Discussion Papers.
- Sebnem Kalemli-Ozcan & Bent E. Sørensen & Oved Yosha, 2003.
"Risk Sharing and Industrial Specialization: Regional and International Evidence,"
American Economic Review, American Economic Association, vol. 93(3), pages 903-918, June.
- Sebnem Kalemli-Ozcan & Bent E. Sorensen & Oved Yosha, 1999. "Risk Sharing and Industrial Specialization: Regional and International Evidence," JCPR Working Papers 86, Northwestern University/University of Chicago Joint Center for Poverty Research.
- Sebnem Kalemli-Ozcan & Bent E. Sørensen & Oved Yosha, 1999. "Risk Sharing and Industrial Specialization: Regional and International Evidence," Working Papers 99-16, Brown University, Department of Economics.
- Sørensen, Bent E & Yosha, Oved, 1999. "Risk Sharing and Industrial Specialization: Regional and International Evidence," CEPR Discussion Papers 2295, C.E.P.R. Discussion Papers.
- Ṣebnem Kalemli-Özcan & Bent E. Sorensen & Oved Yosha, 2000. "Risk sharing and industrial specialization ; regional and international evidence," Research Working Paper RWP 00-06, Federal Reserve Bank of Kansas City.
- Kalemli-Ozcan, S. & Sorensen, B.E. & Yosha, O., 1999. "Risk Sharing and Industrial Specialization: Regional and International Evidence," Papers 16-99, Tel Aviv.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Mr. Maxym Kryshko, 2011. "Data-Rich DSGE and Dynamic Factor Models," IMF Working Papers 2011/216, International Monetary Fund.
- Peter C. B. Phillips & Zhentao Shi, 2021.
"Boosting: Why You Can Use The Hp Filter,"
International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 62(2), pages 521-570, May.
- Peter C. B. Phillips & Zhentao Shi, 2019. "Boosting: Why You Can Use the HP Filter," Papers 1905.00175, arXiv.org, revised Nov 2020.
- Peter C.B. Phillips & Zhentao Shi, 2019. "Boosting: Why you Can Use the HP Filter," Cowles Foundation Discussion Papers 2212, Cowles Foundation for Research in Economics, Yale University.
- Diebold, Francis X. & Yilmaz, Kamil, 2015. "Financial and Macroeconomic Connectedness: A Network Approach to Measurement and Monitoring," OUP Catalogue, Oxford University Press, number 9780199338306.
- Gitanjali Kumar, 2013. "High-Frequency Real Economic Activity Indicator for Canada," Staff Working Papers 13-42, Bank of Canada.
- Fernández, Andrés & González, Andrés & Rodríguez, Diego, 2018.
"Sharing a ride on the commodities roller coaster: Common factors in business cycles of emerging economies,"
Journal of International Economics, Elsevier, vol. 111(C), pages 99-121.
- Andrés Fernández & Andrés González & Diego Rodríguez, 2015. "Sharing a Ride on the Commodities Roller Coaster: Common Factors in Business Cycles of Emerging Economies," Borradores de Economia 14054, Banco de la Republica.
- Rodriguez, Diego & Gonzalez, Andres & Fernandez, Andres, 2015. "Sharing a Ride on the Commodities Roller Coaster: Common Factors in Business Cycles of Emerging Economies," IDB Publications (Working Papers) 7382, Inter-American Development Bank.
- Andrés Fernández & Andrés González & Diego Rodríguez, 2015. "Sharing a Ride on the Commodities Roller Coaster: Common Factors in Business Cycles of Emerging Economies," Borradores de Economia 915, Banco de la Republica de Colombia.
- Andrés Fernández & Andres Gonzalez & Diego Rodriguez, 2015. "Sharing a Ride on the Commodities Roller Coaster: Common Factors in Business Cycles of Emerging Economies," IMF Working Papers 2015/280, International Monetary Fund.
- Francis X. Diebold & Kamil Yilmaz, 2013. "Measuring the Dynamics of Global Business Cycle Connectedness," PIER Working Paper Archive 13-070, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
- Alquist, Ron & Bhattarai, Saroj & Coibion, Olivier, 2020.
"Commodity-price comovement and global economic activity,"
Journal of Monetary Economics, Elsevier, vol. 112(C), pages 41-56.
- Ron Alquist & Saroj Bhattarai & Olivier Coibion, 2014. "Commodity-Price Comovement and Global Economic Activity," NBER Working Papers 20003, National Bureau of Economic Research, Inc.
- Ron Alquist & Olivier Coibion, 2014. "Commodity Price Co-Movement and Global Economic Activity," Staff Working Papers 14-32, Bank of Canada.
- David Matesanz Gomez & Guillermo J. Ortega & Benno Torgler, 2012. "Synchronization and Diversity in Business Cycles: A Network Approach Applied to the European Union," CREMA Working Paper Series 2012-01, Center for Research in Economics, Management and the Arts (CREMA).
- Peter C.B. Phillips & Zhentao Shi, 2019. "Boosting the Hodrick-Prescott Filter," Cowles Foundation Discussion Papers 2192, Cowles Foundation for Research in Economics, Yale University.
- Choi, Sung Hoon & Kim, Donggyu, 2023.
"Large volatility matrix analysis using global and national factor models,"
Journal of Econometrics, Elsevier, vol. 235(2), pages 1917-1933.
- Sung Hoon Choi & Donggyu Kim, 2022. "Large Volatility Matrix Analysis Using Global and National Factor Models," Papers 2208.12323, arXiv.org, revised Dec 2022.
- Lahiri, Kajal & Zhao, Yongchen, 2019.
"International propagation of shocks: A dynamic factor model using survey forecasts,"
International Journal of Forecasting, Elsevier, vol. 35(3), pages 929-947.
- Kajal Lahiri & Yongchen Zhao, 2018. "International Propagation of Shocks: A Dynamic Factor Model Using Survey Forecasts," Working Papers 2018-04, Towson University, Department of Economics, revised Sep 2018.
- Camacho, Maximo & Martinez-Martin, Jaime, 2015.
"Monitoring the world business cycle,"
Economic Modelling, Elsevier, vol. 51(C), pages 617-625.
- Maximo Camacho & Jaime Martinez-Martin, 2015. "Monitoring the world business cycle," Working Papers 1509, Banco de España.
- Maximo Camacho & Jaime Martinez Martin, 2015. "Monitoring the world business cycle," Working Papers 1506, BBVA Bank, Economic Research Department.
- Maximo Camacho & Jaime Martinez-Martin, 2015. "Monitoring the world business cycle," Globalization Institute Working Papers 228, Federal Reserve Bank of Dallas.
- David Matesanz Gomez & Guillermo J. Ortega & Benno Torgler, 2011.
"Measuring globalization: A hierarchical network approach,"
CREMA Working Paper Series
2011-11, Center for Research in Economics, Management and the Arts (CREMA).
- David Matesanz Gomez & Guillermo J. Ortega & Benno Torgler, 2011. "Measuring Globalization: A hierarchical network approach," School of Economics and Finance Discussion Papers and Working Papers Series 267, School of Economics and Finance, Queensland University of Technology.
- Pablo A. Cuba-Borda & Alexander Mechanick & Andrea Raffo, 2018. "Monitoring the World Economy: A Global Conditions Index," IFDP Notes 2018-06-15, Board of Governors of the Federal Reserve System (U.S.).
- Alessandro Borin & Riccardo Cristadoro & Roberto Golinelli & Giuseppe Parigi, 2012. "Forecasting world output: the rising importance of emerging economies," Temi di discussione (Economic working papers) 853, Bank of Italy, Economic Research and International Relations Area.
- S. Boragan Aruoba & Cagri Sarikaya, 2013. "A Real Economic Activity Indicator for Turkey," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, vol. 13(1), pages 15-29.
- Golinelli, Roberto & Parigi, Giuseppe, 2014.
"Tracking world trade and GDP in real time,"
International Journal of Forecasting, Elsevier, vol. 30(4), pages 847-862.
- Roberto Golinelli & Giuseppe Parigi, 2013. "Tracking world trade and GDP in real time," Temi di discussione (Economic working papers) 920, Bank of Italy, Economic Research and International Relations Area.
- In Choi & Dukpa Kim & Yun Jung Kim & Noh‐Sun Kwark, 2018.
"A multilevel factor model: Identification, asymptotic theory and applications,"
Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 33(3), pages 355-377, April.
- In Choi & Dukpa Kim & Yun Jung Kim & Noh-Sun Kwark, 2016. "A Multilevel Factor Model: Identification, Asymptotic Theory and Applications," Working Papers 1609, Nam Duck-Woo Economic Research Institute, Sogang University (Former Research Institute for Market Economy).
- Chiu Adrian & Wieladek Tomasz, 2013.
"Is the “Great Recession” really so different from the past?,"
The B.E. Journal of Macroeconomics, De Gruyter, vol. 13(1), pages 1037-1084, October.
- Chiu, Adrian & Wieladek, Tomasz, 2015. "Is the ‘Great Recession’ really so different from the past?," Discussion Papers 40, Monetary Policy Committee Unit, Bank of England.
- Jason Angelopoulos & Costas I. Chlomoudis, 2017. "A Generalized Dynamic Factor Model for the U.S. Port Sector," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 67(1), pages 22-37, January-M.
- Mr. Ron Alquist & Mr. Olivier Coibion, 2013. "The Comovement in Commodity Prices: Sources and Implications," IMF Working Papers 2013/140, International Monetary Fund.
- Máximo Camacho & Matías Pacce & Gabriel Pérez-Quirós, 2020.
"Spillover effects in international business cycles,"
Working Papers
2034, Banco de España.
- Pérez-Quirós, Gabriel & Camacho, Máximo & Pacce, Matias Jose, 2021. "Spillover Effects in International Business Cycles," CEPR Discussion Papers 15787, C.E.P.R. Discussion Papers.
- Camacho, Maximo & Perez-Quiros, Gabriel & Pacce, Matías, 2020. "Spillover effects in international business cycles," Working Paper Series 2484, European Central Bank.
- David Matesanz Gomez & Guillermo J. Ortega & Benno Torgler, 2012.
"Synchronization and Diversity in Business Cycles: A Network Approach Applied to the European Union,"
CREMA Working Paper Series
2012-01, Center for Research in Economics, Management and the Arts (CREMA).
- David Matesanz Gomez & Guillermo J Ortega & Benno Torgler, 2012. "Synchronization and Diversity in Business Cycles: A Network Approach Applied to the European Union," School of Economics and Finance Discussion Papers and Working Papers Series 277, School of Economics and Finance, Queensland University of Technology.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- J.-S. Pentecôte & J.-C. Poutineau & F. Rondeau, 2015.
"Trade Integration and Business Cycle Synchronization in the EMU: The Negative Effect of New Trade Flows,"
Open Economies Review, Springer, vol. 26(1), pages 61-79, February.
- Jean-Sébastien Pentecôte & Jean-Christophe Poutineau & Fabien Rondeau, 2013. "Trade Integration and Business Cycle Synchronization in the EMU: the Negative Effect of New Trade Flows," Economics Working Paper Archive (University of Rennes & University of Caen) 201313, Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS.
- Jean-Sébastien Pentecôte & Jean-Christophe Poutineau & Fabien Rondeau, 2015. "Trade Integration and Business Cycle Synchronization in the EMU: the Negative Effect of New Trade Flows," Post-Print hal-02440559, HAL.
- Kalemli-Ozcan, Sebnem & Papaioannou, Elias & Perri, Fabrizio, 2013.
"Global banks and crisis transmission,"
Journal of International Economics, Elsevier, vol. 89(2), pages 495-510.
- Sebnem Kalemli-Ozcan, 2011. "Global Banks and Crisis Transmission," 2011 Meeting Papers 1376, Society for Economic Dynamics.
- Sebnem Kalemli-Ozcan & Elias Papaioannou & Fabrizio Perri, 2012. "Global Banks and Crisis Transmission," NBER Working Papers 18209, National Bureau of Economic Research, Inc.
- Perri, Fabrizio & Kalemli-Özcan, Sebnem & Papaioannou, Elias, 2012. "Global Banks and Crisis Transmission," CEPR Discussion Papers 9044, C.E.P.R. Discussion Papers.
- Tanweer Akram, 2016. "Japan's Liquidity Trap," Economics Working Paper Archive wp_862, Levy Economics Institute.
- repec:wsr:wpaper:y:2018:i:185 is not listed on IDEAS
- Olivier J. Blanchard & Mitali Das & Hamid Faruqee, 2010. "The Initial Impact of the Crisis on Emerging Market Countries," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 41(1 (Spring), pages 263-323.
- Masahiro Kawai & Shinji Takagi, 2011.
"Why Was Japan Hit So Hard by the Global Financial Crisis?,"
Chapters, in: Daigee Shaw & Bih Jane Liu (ed.), The Impact of the Economic Crisis on East Asia, chapter 7,
Edward Elgar Publishing.
- Kawai, Masahiro & Takagi, Shinji, 2009. "Why was Japan Hit So Hard by the Global Financial Crisis?," ADBI Working Papers 153, Asian Development Bank Institute.
- Kyunghun Kim & Ju Hyun Pyun & Jiyoun An, 2017. "Does Credit Market Integration Amplify the Transmission of Real Business Cycle During Financial Crisis?," 2017 Meeting Papers 1236, Society for Economic Dynamics.
- Dongchul Cho, 2012. "Responses of the Korean Economy to the Global Economic Crisis: Another Currency Crisis?," Chapters, in: Maurice Obstfeld & Dongchul Cho & Andrew Mason (ed.), Global Economic Crisis, chapter 3, Edward Elgar Publishing.
- Sheng-Cheng Hu, 2011. "The Global Financial Crisis: Lessons for Taiwan," Chapters, in: Daigee Shaw & Bih Jane Liu (ed.), The Impact of the Economic Crisis on East Asia, chapter 1, Edward Elgar Publishing.
- Kourtzidis, Stavros & Matousek, Roman & Tzeremes, Nickolaos G., 2021. "Modelling a multi-period production process: Evidence from the Japanese regional banks," European Journal of Operational Research, Elsevier, vol. 294(1), pages 327-339.
- Kim, Kyunghun & Pyun, Ju Hyun, 2018. "Exchange rate regimes and the international transmission of business cycles: Capital account openness matters," Journal of International Money and Finance, Elsevier, vol. 87(C), pages 44-61.
- Herbert Buscher & Hubert Gabrisch, 2012. "The synchronization of wage dynamics across EMU members. A test of the endogeneity hypothesis," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 39(3), pages 327-340, August.
- Miklos Koren & Silvana Tenreyro, 2003. "Diversification and development," Working Papers 03-3, Federal Reserve Bank of Boston.
- Goetz, Martin R. & Laeven, Luc & Levine, Ross, 2016.
"Does the geographic expansion of banks reduce risk?,"
Journal of Financial Economics, Elsevier, vol. 120(2), pages 346-362.
- Laeven, Luc & Levine, Ross & Götz, Martin, 2016. "Does the Geographic Expansion of Banks Reduce Risk?," CEPR Discussion Papers 11231, C.E.P.R. Discussion Papers.
- He, Qing & Xue, Chang & Zhu, Chenqi, 2014. "Financial development and patterns of industrial specialization : Regional evidence from China," BOFIT Discussion Papers 12/2014, Bank of Finland, Institute for Economies in Transition.
- Jakub Borowski & Adam Czerniak & Beáta Farkas, 2023. "Diverse Models of Capitalism and Synchronization of Business Cycles," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 65(4), pages 681-712, December.
- Martin, Philippe & Rey, Helene, 2004.
"Financial super-markets: size matters for asset trade,"
Journal of International Economics, Elsevier, vol. 64(2), pages 335-361, December.
- Martin, Philippe & Rey, Hélène, 1999. "Financial Super-Markets: Size Matters for Asset Trade," CEPR Discussion Papers 2232, C.E.P.R. Discussion Papers.
- Philippe Martin & Hélène Rey, 2004. "Financial super-markets: size matters for asset trade," Post-Print hal-03609277, HAL.
- Philippe Martin & H=E9l=E8ne Rey=, 2001. "Financial Super-Markets: Size Matters for Asset Trade," International Finance 0012001, University Library of Munich, Germany.
- Martin, Philippe & Rey, Hélène, 2000. "Financial Super-Markets: Size Matters for Asset Trade," Center for International and Development Economics Research, Working Paper Series qt0dr2z6p9, Center for International and Development Economics Research, Institute for Business and Economic Research, UC Berkeley.
- Philippe Martin & Helene Rey, 2004. "Financial Super-Markets: Size Matters for Asset Trade," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00176904, HAL.
- Philippe Martin & Helene Rey, 2004. "Financial Super-Markets: Size Matters for Asset Trade," Post-Print halshs-00176904, HAL.
- Philippe Martin & Helene Rey, 2001. "Financial Super-Markets: Size Matters for Asset Trade," NBER Working Papers 8476, National Bureau of Economic Research, Inc.
- Philippe Martin and Hélène Rey., 2000. "Financial Super-Markets: Size Matters for Asset Trade," Center for International and Development Economics Research (CIDER) Working Papers C00-110, University of California at Berkeley.
- P Martin & H Rey, 2000. "Financial Super-Markets: Size Matters for Asset Trade," CEP Discussion Papers dp0450, Centre for Economic Performance, LSE.
- Martin, Philippe & Rey, Helene, 2000. "Financial super-markets: size matters for asset trade," LSE Research Online Documents on Economics 20197, London School of Economics and Political Science, LSE Library.
- Stirböck, Claudia, 2001. "Agglomeration tendencies in EU regions: where does capital go?," ZEW Discussion Papers 01-28, ZEW - Leibniz Centre for European Economic Research.
- M. Shahe Emran & Forhad Shilpi, 2012.
"The extent of the market and stages of agricultural specialization,"
Canadian Journal of Economics, Canadian Economics Association, vol. 45(3), pages 1125-1153, August.
- M. Shahe Emran & Forhad Shilpi, 2012. "The extent of the market and stages of agricultural specialization," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 45(3), pages 1125-1153, August.
- Emran, M. Shahe & Shilpi, Forhad, 2008. "The extent of the market and stages of agricultural specialization," Policy Research Working Paper Series 4534, The World Bank.
- M. Shahe Emran & Forhad Shilpi, 2008. "The Extent of the Market and Stages of Agricultural Specialization," Working Papers 2008-11, The George Washington University, Institute for International Economic Policy.
- Rudiger Ahrend & Cyrille Schwellnus, 2013. "Do investors disproportionately shed assets of distant countries during global financial crises?: The role of increased uncertainty," OECD Journal: Economic Studies, OECD Publishing, vol. 2012(1), pages 1-20.
- Lee, Hyun-Hoon & Park, Cyn-Young & Pyun, Ju Hyun, 2024.
"International business cycle synchronization: A synthetic assessment,"
Japan and the World Economy, Elsevier, vol. 69(C).
- Lee, Hyun-Hoon & Park, Cyn-Young & Pyu, Ju Hyun, 2022. "International Business Cycle Synchronization: A Synthetic Assessment," ADB Economics Working Paper Series 668, Asian Development Bank.
More about this item
JEL classification:
- E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
- E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
- F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
NEP fields
This paper has been announced in the following NEP Reports:- NEP-BEC-2010-08-21 (Business Economics)
- NEP-CBA-2010-08-21 (Central Banking)
- NEP-MAC-2010-08-21 (Macroeconomics)
- NEP-OPM-2010-08-21 (Open Economy Macroeconomics)
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:nbr:nberwo:16264. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/nberrus.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.