Arbeitspapier
The Synchronization of GDP Growth in the G7 during U.S. Recessions. Is this Time Different?
Using the dynamic conditional correlation (DCC) model due to Engle (2002), we estimate time varying correlations of quarterly real GDP growth among the G7 countries. In general, we find that rather heterogeneous patterns of international synchronization exist during U.S. recessions. During the 2007 - 2009 recession, however, international co-movement increased substantially.
- Language
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Englisch
- Bibliographic citation
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Series: FIW Working Paper ; No. 49
- Classification
-
Wirtschaft
Business Fluctuations; Cycles
Open Economy Macroeconomics
- Subject
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Dynamic conditional correlation
Business cycle synchronization
Recession
- Event
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Geistige Schöpfung
- (who)
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Antonakakis, Nikolaos
Scharler, Johann
- Event
-
Veröffentlichung
- (who)
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FIW - Research Centre International Economics
- (where)
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Vienna
- (when)
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2010
- Handle
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Antonakakis, Nikolaos
- Scharler, Johann
- FIW - Research Centre International Economics
Time of origin
- 2010
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IV g7
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Firm exit during recessions
Slow Debt, Deep Recessions