Arbeitspapier
Large-scale synchrony, global interdependence and contagion
We construct a simple firm-based model of global interdependence. We show how extremely strong statistical correlations can naturally develop between countries even if the interconnections between those countries remain very weak. Potential policy implications of this result are also discussed.
- Language
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Englisch
- Bibliographic citation
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Series: Working Paper ; No. 2001-03
- Classification
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Wirtschaft
Macroeconomic Aspects of International Trade and Finance: General
- Subject
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large scale synchrony
Wirtschaftskrise
Internationaler Preiszusammenhang
Schock
Unternehmensnetzwerk
Theorie
- Event
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Geistige Schöpfung
- (who)
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Friedman, Eric J.
Johnson, Simon
Landsberg, A. S.
- Event
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Veröffentlichung
- (who)
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Rutgers University, Department of Economics
- (where)
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New Brunswick, NJ
- (when)
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2001
- Handle
- Last update
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10.03.2025, 11:45 AM CET
Data provider
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Object type
- Arbeitspapier
Associated
- Friedman, Eric J.
- Johnson, Simon
- Landsberg, A. S.
- Rutgers University, Department of Economics
Time of origin
- 2001